U.S. new home sales hit highest level in a decadeU.S. new home sales hit highest level in a decadehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=181732017-10-26T05:00:00Z2017-10-26T15:00:00Z

​​​​​​WASHINGTON, D.C.​ ​– ​​​​​U.S. new home sales jumped last month to their highest level since October 2007. 

The Commerce Department says new home sales leapt 18.9 percent in September to a seasonally adjusted annual rate of 667,000. Sales rose in all regions, including the South, where they increased nearly 26 percent.​​

This signals that Americans, unable to find existing homes, are turning to new construction.​

The government couldn't estimate what impact, if any, last month's hurricanes had on the data.​​​​​​

Fort Worth Business Press
http://www.fortworthbusiness.com/news/new-home-sales-soar-to-highest-level-in-a-decade/article_6a25664e-b991-11e7-86d2-ebbff7574d63.htmlRead more at {Source}

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