It seems that the housing market in the USA has levelled off for the moment. Recent stats are showing that sales of new homes and sales of existings homes was on the rise in September. All this took place of course before the stock market debacle, so it will be interesting to see what happens in October.
Sales of new single-family homes rose by 2.7 percent last month to a seasonally adjusted annual rate of 464,000 homes. Economists had expected sales would drop from the August level.
The report on a rise in new home sales followed news last week that sales of existing homes rose in September by 5.5 percent, the largest monthly gain in more than five years.
If you’re interested in reading more about these stats, please check out the following article from Yahoo finance.
Recent Comments