Steel Markets
November 26, 2019
New Home Sales Strongest in 12 Years
Written by Sandy Williams
New home sales in October dipped slightly from September, down 0.7 percent to a seasonally adjusted annual rate of 733,000, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. The dip, however, occurred after the September sales estimate was revised upward to 738,000 from 701,000. Sales for the past two months have been at the highest pace in more than 12 years.
Sales on a year-over-year basis jumped 31.6 percent from the estimate of 557,000 in October 2018.
