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2023 Economic Review and 2024 Outlook - New Home Sales01-19-24 | Economic News

2023 Economic Review and 2024 Outlook - New Home Sales

Residential
by Staff

New Home Sales

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New home sales in the U.S grew by 4.6% from October 2022 to October 2023. However the 578,000 units sold is 5.8% less than the 614,000 units sold in 2021. The Northeast region experienced the most significant increase at 9.5% as the South and West regions increased by 5.8% and 2.5% respectively. However, the Midwest was the only region to experience a drop with a 0.3% decrease year-to-year.
https://www.census.gov/construction/nrs/pdf/newressales.pdf

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