Sunday, 05 December 2021 08:17 GMT

October: American new housing deals rise marginally less than expected

(MENAFN) According to a shared statement released by the Census Bureau and the Department of Housing and Urban Development, future housing prices in the United States rose marginally in October yet fell short of market expectations on Wednesday.

In October, fresh housing prices were predicted to be at 800,000, which represents the amount of additional mono-family house sales.

The statement also showed that last month’s estimate had been 23.1 percent, lower than October 2020 when it was 969,000.

It further said, the average wholesale cost of new households sold last month was USD407,700, and the median home value was USD477,800.

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