By ALAN ZIBEL
AP Real Estate Writer
WASHINGTON (AP) — Sales of new homes rose more than expected last month to the highest level in more than a year as the housing market shows stability after its historic collapse.
The Commerce Department says sales rose 6.2 percent to a seasonally adjusted annual rate of 430,000 from an upwardly revised 405,000 in September. Economists surveyed by Thomson Reuters had expected a pace of 410,000.
Home shoppers in October were acting before lawmakers decided to extend a tax credit for first-time buyers and expand it to existing homeowners. Nevertheless, sales were up 5.1 percent from a year ago, the first yearly increase since November 2005.
The median sales price of $212,200 was off 0.5 percent from $213,200 a year earlier, but up 0.7 percent from September’s level of $210,700.
Business
November 25, 2009
New U.S. home sales rise 6.2 percent
- Business
-
-
Werner Braun: Shopping for new carpet
The economy’s getting better.
Continued ...
Now that I have your attention, let me qualify that by saying that recent positive indicators show that consumers are becoming more “confident.” - Inside Insurance: Disaster planning starts with situational awareness
- IVC US adding 30 jobs
- Werner Braun: Never give up, never surrenderProfessional carpet cleaning
- Seminar will introduce first-time buyers to real estate investment
- Jan 31, 2012
- Magazine cites seven at Shaw for excellence in floorcovering
- Jan 27, 2012
- Realtors see positive signs
- Werner Braun: Never give up, never surrender
- Jan 26, 2012
- Brian Anderson: 1,000 days and counting
- Jan 25, 2012
- Barloworld Dalton gives food bank branch uncommon gift
- Jan 24, 2012
- Inside Insurance: Wide disparities in assessment of residential building code and enforcement systems
- Jan 21, 2012
- Werner Braun: Where’s the beef?
- Jan 20, 2012
- Bell, Lorberbaum now serve on Ga. chamber board of directors
- Dalton area still bleeding jobs
- Jan 14, 2012
- Werner Braun: Walking safer with carpet
-
Werner Braun: Shopping for new carpet
Obama Gives Education Waivers to 10 States
Giffords Aide to Run for Her Seat
LA School in Sex Abuse Scandal Reopens
Winter Slamming North Asia, Parts of Europe
Syrian Forces Renew Bombardment of Homs
States, Banks Reach Foreclosure-abuse Settlement
Raw Video: Italy's Mount Etna Bursts Into Life
Greeks March; Angry Despite Debt Deal
Raw Video: U.S. Pullout Celebration
Raw Video: Annual Empire State Building Run-Up
Man Killed in Courthouse Shootout
Air Force Airlines: Leaders Get Polished Service
Ga Girl Fights Off Kidnapper at Walmart
Nevada Highway Patrol, City Settle Beating Case
Homs Bombardment Continues, Global Outcry Grows
Raw Video: Dog Rescued From Icy Colo. Water
Skip the Coffee Cup and Inhale Your Caffeine Fix
