According to government data released on Tuesday, new single-family home sales hit a 733,000 annualized pace in October.
US new-home sales experienced its strongest two-month stretch since July 2007, Bloomberg first reported Tuesday. Single-family house sales hit a 733,000 annualized pace in October, according to government data released on Tuesday. September's rate was also revised up to 738,000, from an earlier reading of 701,000. The median selling price for new homes in October sank 3.5% from the same period last year to $316,700. Visit the Business Insider homepage for more stories.
US new-home sales experienced its strongest two-month stretch since July 2007, Bloomberg first reported Tuesday. Single-family house sales hit a 733,000 annualized pace in October, according to government data released on Tuesday. September's rate was also revised up to 738,000, from an earlier reading of 701,000. The median selling price for new homes in October sank 3.5% from the same period last year to $316,700. Visit the Business Insider homepage for more stories.
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