Search
Exact matches only
Search in title
Search in content
Search in comments
Search in excerpt
Filter by Custom Post Type
Content from
{ "homeurl": "https://rismedia.com/", "resultstype": "vertical", "resultsposition": "hover", "itemscount": 4, "imagewidth": 70, "imageheight": 70, "resultitemheight": "auto", "showauthor": 0, "showdate": 1, "showdescription": 1, "charcount": 3, "noresultstext": "No results!", "didyoumeantext": "Did you mean:", "defaultImage": "https://rismedia.com/wp-content/plugins/ajax-search-pro/img/default.jpg", "highlight": 0, "highlightwholewords": 1, "openToBlank": 1, "scrollToResults": 0, "resultareaclickable": 1, "autocomplete": { "enabled": 1, "googleOnly": 1, "lang": "en", "mobile": 1 }, "triggerontype": 1, "triggeronclick": 1, "triggeronreturn": 1, "triggerOnFacetChange": 1, "trigger": { "delay": 300, "autocomplete_delay": 310 }, "overridewpdefault": 0, "override_method": "post", "redirectonclick": 0, "redirectClickTo": "results_page", "redirect_on_enter": 0, "redirectEnterTo": "results_page", "redirect_url": "?s={phrase}", "settingsimagepos": "left", "settingsVisible": 0, "hresulthidedesc": "0", "prescontainerheight": "400px", "pshowsubtitle": "0", "pshowdesc": "1", "closeOnDocClick": 1, "iifNoImage": "description", "iiRows": 2, "iiGutter": 5, "iitemsWidth": 200, "iitemsHeight": 200, "iishowOverlay": 1, "iiblurOverlay": 1, "iihideContent": 1, "loaderLocation": "auto", "analytics": 0, "analyticsString": "", "show_more": { "url": "?s={phrase}", "action": "ajax" }, "mobile": { "trigger_on_type": 1, "trigger_on_click": 1, "hide_keyboard": 0 }, "compact": { "enabled": 1, "width": "300px", "closeOnMagnifier": 1, "closeOnDocument": 0, "position": "fixed", "overlay": 0 }, "animations": { "pc": { "settings": { "anim" : "fadedrop", "dur" : 300 }, "results" : { "anim" : "fadedrop", "dur" : 300 }, "items" : "fadeInDown" }, "mob": { "settings": { "anim" : "fadedrop", "dur" : 300 }, "results" : { "anim" : "fadedrop", "dur" : 300 }, "items" : "voidanim" } }, "autop": { "state": "disabled", "phrase": "", "count": 100 } }
Share This Post Now!

In September, newly built, single-family homes decreased 3.5 percent to 959,000 from a downwardly revised August number, according to the latest Commerce Department monthly report.

Despite the monthly decline, the September rate is still 32.1 percent higher than the September 2019 pace. On a year-to-date basis, new-home sales are up 16.9 percent in 2020.

On a regional basis, new-home sales increased in all four regions, year-to-date: 22.5 percent in the Northeast, 25.9 percent in the Midwest, 14.4 percent in the South and 18 percent in the West.

Here’s the market breakdown:

New-Home Sales: 959,000
For-Sale Inventory: 284,000
Months’ Supply:  3.6 months
Median Price: $326,800

What the Industry Is Saying:

“With sales up 32 percent from a year ago, the demand for new single-family homes remains strong as interest rates are at historic lows. However, the recent run-up in lumber and other material costs is leading to an increase in pricing.” — National Association of Home Builders Chairman Chuck Fowke

“The pace of new home sales growth over the summer was going to slow given that the gap between sales and single-family construction reached an all-time high in August. Indeed, September sales of new homes that had not started construction were up 47 percent compared to a year ago.” — National Association of Home Builders Chief Economist Robert Dietz

192.168.100.57