WASHINGTON, DC-The US Commerce Department has reported that new home sales increased 6.6% in September 2010 from that of the previous month, but they were still 21.5% off from September 2009. New home sales in September 2010 were at an annual rate of 307,000.
The median price of new home sales in September 2010 was $223,800 and the average price stood at $257,500. Patrick Newport of HIS Global Insight expects a recovery in 2014. For the full story, go to The Detroit Free Press.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.