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Posted on October 31, 2017 - 01:37 PM
by Olivia Crutchfield
Sales of new homes have hit a 10-year high back in September, coming back from a few slow months. Sales increased by an impressive 18.9 percent to a rate of 667,000 units from 561,000 in August, making this number the highest sales rate since October 2007. The Chief Economist of the National Association of Home Builders, Robert Dietz expects the number of new homes sales to rise in the months to come. So far new home sales are 8.6 percent above the same period last year. Builders are urged to continue to watch construction costs in order to keep building affordably priced houses.