Sales of new single-family homes rose 4.4 percent from October to November and were up 15.3 percent from a year ago to a seasonally adjusted annual rate of 377,000, the U.S. Census Bureau reported today.

New-home inventory tied its lowest point of the year with an estimated 149,000 new homes for sale in November, representing a 4.7-month supply.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top