Home | Newsletter | Advertise
loading...

New Home Sales At Highest Level in Over Two Years

  • October 24th 2012

by Shilpi Paul

✉️ Want to forward this article? Click here.

New Home Sales At Highest Level in Over Two Years: Figure 1

In yet more news that the housing market is healing, the Commerce Department reported today that September sales of new single-family homes reached its highest level in over two and a half years.

New home sales increased by 5.7 percent, reported Reuters, reaching a seasonally adjusted rate of 389,000 units annually. In August, the reported rate was 368,000. The last time the sales pace was this high was April 2010.

While the inventory of new homes still remains at near record lows, that may be changing; Trulia Trends reported earlier this week that construction activity in September reached its highest level since 2008. The annualized rate of 872,000 was up 35 percent year-over-year.

The news out today is yet the latest in a string of good news for the national housing market. In recent weeks, there has been optimistic news related to housing starts, foreclosures, and home prices.

See other articles related to: commerce department, new home sales

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/new_home_sales_up_to_highest_level_in_over_two_years/6202.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse