New home sales climb in October
Today, the released its monthly for October showing a monthly increase with sales climbing 1.3% since September and increase 8.87% above the level seen in October of 2010 and remaining at an epically low level of 307K SAAR units.
It's important to recognize that the has now fallen to a new series low at 162K units, lowest level seen in in at least 47 years while the declined to 7.4.
The monthly supply remained declined to 6.3 months while the median selling price increased 0.04% and the average selling price declined 0.05% from the year ago level.
The above chart show the extent of sales decline to date (click for full-larger version).
