During September sales of new single - family homes in the US fell to a low of 468,000 , 11.5 % below the revised August rate of inflation . Quicken Loans Vice President , Bill Banfield said that the housing market as a whole is promising , however , the lack of inventory pushing prices up is a concern . No regions saw a monthly increase from August but the South and the Midwest saw gains on an annual basis .
During September sales of new single-family homes in the US fell to a rate of 468,000, 11.5% below the revised August rate of 529,000. Quicken Loans Vice President, Bill Banfield said that the housing market as a whole looks promising, however, the lack of inventory pushing prices up is a concern. No regions saw a monthly gain from August but the South and the West saw gains on an annual basis.