October New Home Sales Jumped 10.7%
Washington, DC, November
25, 2015—New home sales rose 10.7% in October to a seasonally adjusted rate of
495,000, according to the Commerce Department, following a 12.9% drop
October’s figure represents
a year over year increase of 4.9%.
According to Reuters, new
home sales account for about 8% of the total housing market.