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September New Home Sales Soar Despite Climbing Rates

Monday, Oct 30 2023
Lending
Written by  The Mortgage Leader

Purchases of new single-family houses in the United States jumped in September, officials have announced. So reports Bloomberg.

Home construction new home 1664272 640 smallNew home sales were up 12.3% to a 759,000 annualized pace on the month, according to government data, beating analyst forecasts.

Lack of supply on the resale market has driven buyers who can afford it to new construction, and home builders are also offering incentives.

Read the full article from Bloomberg.

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