It rose to 68 in October thanks to strong buyer demand and reduced labor costs, according to a survey from NAHB and Wells Fargo
Continued inventory shortages are to blame for the two-month slump
18.9% higher than the revised rate of 561,000 in August
Condo cash deals are the most common in the area
More buyers seeking "mid-range" housing
Single-family sales activity dips below 500 closings for the first time in nine months
Record-setting year occurs while median prices rise by double digits
The number of homes sold in Houston during 2015 should trail 2014
Inventory and affordability limit the submarket
Developer sees place for townhomes amid aging housing stock and new rentals