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Homebuilders

Existing-home sales jump 4.3% in October

7 mins read

The FINANCIAL — Existing-home sales continued to trend upward in October, marking five consecutive months of month-over-month gains, according to the National Association of Realtors®. All four major regions reported both month-over-month and year-over-year growth, with the Midwest experiencing the greatest monthly increases. Total existing-home sales completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 4.3% from September to a seasonally-adjusted annual rate of 6.85 million in October. Overall, sales rose year-over-year, up 26.6% from a year ago (5.41 million in October 2019). “Considering that we remain in a period of stubbornly high unemployment relative to pre-pandemic levels, the…

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Existing-home sales jump 4.3% in October

7 mins read

The FINANCIAL — Existing-home sales continued to trend upward in October, marking five consecutive months of month-over-month gains, according to the National Association of Realtors®. All four major regions reported both month-over-month and year-over-year growth, with the Midwest experiencing the greatest monthly increases. Total existing-home sales completed transactions that include single-family homes, townhomes, condominiums and co-ops,…