November 21, 2024 6:37 pm
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New home sales hit highest rate since April 2010

NBC News

If you’d like to discuss real estate matters, contact Rose Law Group Founder Jordan Rose, jrose@roselawgroup.com

The Commerce Department said on Thursday sales climbed 4.4 percent last month to a seasonally adjusted 377,000-unit annual rate. That was in line with analysts’ forecasts of a 378,000-unit annual pace.

Government data for new home sales are subject to substantial revisions. Indeed, the Commerce Department cut its estimate for sales in October by 7,000 to a 361,000-unit rate.

The annual sales pace for November was the quickest since April 2010.

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