Steel Markets
October 26, 2015
New Home Sales Fall in September but Market Still Considered Strong
Written by Sandy Williams
New home sales fell in September to a seasonally adjusted annual rate of 468,000, a decline of 11.5 percent from the August rate of 529,000.
“It is not surprising to see sales pull back in September following a strong August reading, especially after a few months of weak job creation,” said NAHB Chief Economist David Crowe. “However, new-home sales year-to-date are up 17.6 percent compared to the same period of 2014, and we expect the market to continue improving at a gradual but steady pace for the rest of year.”
