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Sales Of New Homes Hit Fastest Pace In 2 1/2 years

NPR | By Mark Memmott
Published October 24, 2012 at 10:21 AM EDT
A sign of the times at a building site in Ohio earlier this year.
John Kuntz
/
The Plain Dealer /Landov
A sign of the times at a building site in Ohio earlier this year.

Sales of new single-family homes rose 5.7 percent in September from August and at an annual rate of 389,000 hit the fastest pace since April 2010, the Census Bureau and the Department of Housing and Urban Development say.

Sales were up 27.1 percent from September 2011.

Reuters calls the news "further evidence the housing market recovery is gaining steam."

Copyright 2021 NPR. To see more, visit https://www.npr.org.

Mark Memmott
Mark Memmott is NPR's supervising senior editor for Standards & Practices. In that role, he's a resource for NPR's journalists – helping them raise the right questions as they do their work and uphold the organization's standards.
See stories by Mark Memmott