facebook
twitter
rss
account
search
search
 

New home sales slide slightly in October

Nov. 28, 2012 at 11:38 AM   |   Comments

| License Photo
WASHINGTON, Nov. 28 (UPI) -- Sales of new single-family homes fell slightly September to October, the U.S. Commerce Department said Wednesday.

Sales dropped to a seasonally adjusted annual rate of 368,000 from a revised September rate of 369,000.

Sales also rose 17.2 percent more than the annual rate of 314,000 from October 2011.

The Commerce Department said the average sale price for a new home sold in October was $278,900, down from $292,400 in September.

The seasonally adjusted estimate of how many new homes were on the market at the end of the month was 147,000, which is 2,000 more than September and represents a 4.8-month supply at the current rate of sales.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
Hershey's new logo launched, compared to emoji poop
2
The 'Home of the Whopper' to keep headquarters in U.S.
3
Canadian media must broadcast official emergency notifications
4
France receives upgraded aerial tanker
5
Kurds raise oil funds for refugees
Trending News
Video
x
Feedback