Census Releases Residential Housing Sales for September 2008

Housing sales showed a slight increase in September, but residential home sales were 36.1 percent below year to date sales for the preceding year.

Sales of new one-family houses in September 2008 were at a seasonally adjusted annual rate of 464,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 2.7 percent (±12.1%)* above the revised August rate of 452,000, but is 33.1 percent (±8.9%) below the September 2007 estimate of 694,000.

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