Sales of new homes in the US at their highest in 18 months in September

  • 5 months ago
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New home sales in the United States rose sharply in September to an 18-month high despite high mortgage rates, according to data released Wednesday by the Commerce Department.

In September, 759,000 properties changed hands in the annual projection (the 12-month projection if conditions were maintained at the time of measurement).

This is an increase of 12.3% over the previous month, marked by a sharp drop in sales.

August sales were revised slightly upward to 676,000 from 675,000.

The September data is higher than expected by the market, which anticipated a more modest increase to 683,000 units sold, according to the analyst consensus published by briefing.com.

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