According to a report by the Commerce Department, sales of new single-family homes in the U.S. in October rose by 6.2% compared to the previous month and amounted to 685 thousand houses in annual basis.
In September, sales of new homes amounted to 645 thousand in annual terms (revised 667 thousand).
Analysts predicted that in October the number of new home sales will amount to 627 thousand in annual terms.
Compared to October 2016, new home sales increased by 18.7%.
Overall, last month was sold for 55 thousand new homes, compared to 50 million in September and 45 thousand in August. The greatest demand of buyers used a home worth 200 thousand to 299.9 thousand (sold 19 thousand houses), from 300 thousand to 399.9 thousand dollars (sold 11 thousand houses) and from 400 thousand to 499 thousand (sold 9 thousand houses).
The median price of sold homes (median price) amounted to 312.8 thousand against $ 324.9 million in September and 311.7 thousand in August.
The average price of sold homes (average price) amounted to 400.2 thousand against $ 381.1 million in September and 369.8 thousand in August.
Reserves held for sale of homes at the end of October amounted to 282 thousand units versus 278 million in September and 280 thousand in August.
At the current level of prices and pace of sales of existing inventories of new single-family homes can be sold for 4.9 months vs 5.2 in September and 5.9 in August.