New Home Sales BEST since 2010

New home sales jumped 5.7 percent in September from the previous month to the highest rate in more than two years as the housing market resurgence continued to take hold, the Commerce Department said Wednesday.

New single-family homes sold last month at an annualized rate of 389,000, up 27.1 percent from a year earlier. It was the best performance since April 2010, when the rate was 422,000. That figure was boosted by a tax credit for first-time homebuyers. The September increase beat analysts’ expectations of an annualized rate of 385,000 and came as other recent data pointed to a housing rebound.

This new housing information is certainly good information after struggling under a sluggish economy for the past 4 years.

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