A report released by the Census Bureau in October took a look back at home sales over the previous months and has determined that the sales of new homes increased slightly in September, reaching an annual rate of 313,000. The rate, which has been around 300,000 for several months, is a key indicator for both the real estate market and the economy as a whole. New home sales show positive growth in the economy as buyers passover the generally less expensive foreclosed units and  previously-occupied homes for the newer and more modern counterparts.

Even though the sales are still shy of the peaks of over 1.4 million units from several years ago, this recent increase is certainly a welcome sign for the market.

186 thoughts on “Census Bureau Finds New-Home Sales Increasing

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