New Home Sales Increased in October; Completed Inventory Increased

With rising cancellations, the Census Bureau overestimates sales

The Census Bureau reports New Home Sales in October were at a seasonally adjusted annual rate (SAAR) of 632 thousand.

The previous two months were revised down.

Sales of new single‐family houses in October 2022 were at a seasonally adjusted annual rate of 632,000, according to estimates released jointly today by the U.S. Census Bureau and the Department o…