New single-family home sales spiked last month, according to a release issued by the U.S. Census Bureau and the Department of Housing and Urban Development. September’s numbers have reached their highest level since April 2010, when a first-time buyer tax credit gave sales got a boost, Reuters reported.
Sales gained 5.7 percent in September to a seasonally adjusted rate of 389,000 units. August’s number initially came in at 373,000 units, as The Real Deal previously reported, but was revised down to 368,000. Year-over-year, September’s seasonally adjusted rate shows a 27.1 percent year-over-year gain. [more]