ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Economy

New Home Sales and Prices Decreased in October

November 23, 2016
Reading Time: 1 min read

New single-family home sales rose to a seasonally adjusted annual rate of 563,000 in October, according to the U.S. Census Bureau and the Department of Housing and Urban Development. The October level was 1.9% below the revised September rate of 574,000, but is 17.8% above the October 2015 level.

newhomesales

Sales fell in most regions, falling 9.1% in the Northeast, 13.7% in the Midwest and 3.0% in the South. In contrast, sales in the West rose 8.8%.

The median price of a new home was $304,500, down 2.9% from September. The average price was $354,900, a decrease of 6.0% from the previous month.

At the end of October there was an estimated supply of 5.2 months at the current sales rate, up from a 4.8 month supply in September.

Read the Census/HUD release.
Visit Banks and the Economy.

Tags: New home sales
ShareTweetPin

Author

Tyler Mondres

Tyler Mondres

Tyler Mondres is senior director of economic research at ABA and a frequent contributor on economic and fintech topics to the ABA Banking Journal.

Related Posts

Federal appeals court strikes down the Fed’s debit card fee cap

Federal appeals court strikes down the Fed’s debit card fee cap

Legal
October 26, 2026

Court says the Fed must rewrite the rule capping how much banks can charge for processing debit card transactions. ABA called the decision disappointing,

Kelly calls on bankers to ‘advocate, innovate and partner’

Kelly calls on bankers to ‘advocate, innovate and partner’

Community Banking
October 26, 2026

In his final speech as ABA Chairman, Kenneth Kelly, chairman and CEO of First Independence Bank in Detroit, Michigan, highlighted the role ABA has played as a unifying advocate, an innovative catalyst and a trusted partner to the...

ABA supports Nacha defining ‘banking day’

ABA supports Nacha defining ‘banking day’

Newsbytes
October 26, 2026

In a recent letter, ABA expressed support for a Nacha proposal to formalize the definition of “banking day” in its rules.

Nichols: ABA to lead on tokenization

Nichols: ABA to lead on tokenization

Newsbytes
October 26, 2026

In wide-ranging remarks opening the 2026 AVA Annual Convention, ABA President and CEO Rob Nichols laid out how the association will position itself to support banks in the digital asset space, particularly through tokenized money, including tokenized deposits...

Survey: Bank customers want more robust mobile options

FCC sets effective date for revised ‘revoke all’ rule, ‘provided number’ condition

Newsbytes
October 26, 2026

Last month, with ABA’s support, the FCC voted to revise the rules, both of which would have made it more difficult for banks to communicate by phone and text message with their customers.

ABA survey: Americans trust banks most in the fight against fraud

ABA survey: Americans trust banks most in the fight against fraud

Compliance and Risk
October 26, 2026

U.S. adults overwhelmingly trust banks more than any other entity to protect them from fraud, according to a new survey conducted by Morning Consult on behalf of ABA.

NEWSBYTES

Federal appeals court strikes down the Fed’s debit card fee cap

October 26, 2026

Kelly calls on bankers to ‘advocate, innovate and partner’

October 26, 2026

ABA supports Nacha defining ‘banking day’

October 26, 2026

SPONSORED CONTENT

The Shift from Demographic Marketing

The Shift from Demographic Marketing

October 1, 2026
Meeting Ag Lending Goals Without Going It Alone

Meeting Ag Lending Goals Without Going It Alone

October 1, 2026
Beyond the Portfolio: The Wealth Manager’s New Role in a Multigenerational World

Beyond the Portfolio: The Wealth Manager’s New Role in a Multigenerational World

September 17, 2026
Banking Technology at a Strategic Crossroads

Banking Technology at a Strategic Crossroads

September 8, 2026

PODCASTS

Podcast: Proactively managing the core provider relationship

October 22, 2026

Podcast: How community banks can keep farmers farming in turbulent times

October 14, 2026

Podcast: The birth of American money and how it triggered a revolution

October 8, 2026

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2026 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2026 American Bankers Association. All rights reserved.