U.S. Commerce Department: New home sales jump for Northeast in October

Sales of new single-family homes in the Northeast rose an impressive 135.3 percent in October to 40,000, according to the U.S. Commerce Department. September’s revised annual rate was 17,000.

Nationally, new home sales were at a seasonally adjusted annual rate of 495,000, up 10.7 percent from September and up 4.9 percent from the same time last year. Click here to read the entire U.S. Commerce Department press release.