The seasonally adjusted annual pace of new single-family home sales in the U.S. increased to 307,000 in October, up 1.3 percent from a revised rate of 303,000 in September and 8.9 percent above the 282,000 pace recorded in October 2010.
Preliminary U.S. new home sales (versus pace) in October were estimated to be 25,000 (give or take 8 percent), matching September’s sales and the second slowest October on record. October sales peaked in 2005 with 105,000 new homes sold.
In the West, the pace of new home sales was up 54.0 percent year-over-year to 77,000 in October, up 14.9 percent versus the month before.
∙ New Residential Sales: June 2011 [census.gov]
∙ New Residential Sales Since 1963 [census.gov]