Home Sales Jump

    In this Tuesday, July 17, 2012 photo, a single family home is offered for sale in the Hollywood area of Los Angeles. Average rates on fixed mortgages fell again this week to record lows, creating more incentive for buyers to enter the recovering housing market. Mortgage buyer Freddie Mac said Thursday, July 19, 2012, that the average rate on a 30-year loan fell to 3.53 percent. (AP Photo/Damian Dovarganes)

    Damian Dovarganes / AP Photo

    Another housing-data release, another positive data point. The Census Bureau reported sales of new single-family homes in September at an annual rate of 389,000. This is a 5.7 percent jump from the August 2012 figure of 368,000 and a 27.1 percent increase from September 2011, which came in at a 306,000 annual rate. The median sale price for new homes in September was $242,000, and there is now a 4.5-month supply of new homes at the current sales rate.

    Read it at Census Bureau