Sales of single-family, new homes increased in September - by nearly 0.2 percent, up to 467,000 units, according to industry professionals - while the rates for August were readjusted to be much lower than originally thought. Recent numbers released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development revise the initial numbers for that month down by 0.2 percent from 504,000 to 466,000 units sold.
According to housing market professionals, the revision was not surprising. Overall, the numbers that had been listed were not in line with the modest growth that the housing industry has experienced in recent months. The August numbers, which were much higher than previous month’s sales, prompted questioning from officials, including the National Association of Home Builders’ chief economist, David Crowe.