During September sales of new single-family homes in the US fell to a rate of 529,000, 11.5% below the revised August rate of 468,000. 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.
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.