If you need assistance, please call 401-232-7661

U.S. New Home Prices Dip Slightly

Wednesday, December 12, 2012   /   by Nathan Clark

U.S. New Home Prices Dip Slightly

 


The sale of new homes in theUnited   Statesdipped slightly in October, finishing below experts’ projections and pausing a trend of steady climbs.


 The annual sales rate of 368,000 homes in October was 0.3 percent lower than the 369,000 mark of September, according to the Department of Housing and Urban Development. Still, new home sales were up 17 percent from the year before.


 Industry projections had a 388,000 number pegged for October, but Hurricane Sandy made that all but impossible to achieve. New home sales were down 32 percent in the Northeast, the area hardest hit by the catastrophic storm.


 Despite the weather-aided dip in October, new home sales have risen about 20 percent in 2012, and new home construction is also increasing. New home sales and starts are generally looked at as important indicators of the overall economy.

Your Home Sold Guaranteed Realty, The Nathan Clark Team
39 Cedar Swamp Rd
Smithfield, RI 02917
401-232-7661

The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 SmartMLS, Inc. Last Updated December 11, 2024
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.
Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.© 2024 State-Wide Multiple Listing Service. All rights reserved.
This site powered by CINC: www.cincpro.com