Great News For New Home Sales!
The Commerce Department released the new home sales figures for October this week and the numbers look great!
New home sales increased by 25.4% over September - the highest level in 6 months!
Interest rates remain at historic lows and the pent up demand for housing means homes are moving faster. Nationwide the new home supply level is at a little less than 5 months.
The South experienced the largest gains with a 40% increase in new home sales.
Interest rates are expected to rise slowly as the economy improves so now is the time to buy!
Visit a J. Meyer Homes neighborhood and choose your new home!
New home sales increased by 25.4% over September - the highest level in 6 months!
Interest rates remain at historic lows and the pent up demand for housing means homes are moving faster. Nationwide the new home supply level is at a little less than 5 months.The South experienced the largest gains with a 40% increase in new home sales.
Interest rates are expected to rise slowly as the economy improves so now is the time to buy!
Visit a J. Meyer Homes neighborhood and choose your new home!
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