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

ABA urges ‘same risk, same regulation’ for digital assets

ABA urges federal regulation of AI, level playing field for financial services

Compliance and Risk
August 14, 2026

Congress should establish a nationally harmonized, risk-based framework for regulating artificial intelligence in the financial services sector, which would preempt state laws while assuring strong consumer protection and cybersecurity outcomes, ABA told House Financial Services Committee members.

ABA: Proposed quality control rule for AVMs would overburden banks

ABA DataBank: Consumers tap home equity as housing values rise

Economy
August 14, 2026

Total home equity lines of credit (HELOC) reached $446 billion in Q1 2026, up 35.3% since hitting a trough in Q1 2022.

CFPB claims ‘complex’ pricing drives up cost of financial products

CFPB ends publication of consumer complaint narratives

Compliance and Risk
August 14, 2026

The CFPB will cease publication of unverified complaint narratives and visualizations, arguing the utility of publicizing narratives is minimal “while often causing confusion and providing misleading data.”

OCC to merge community bank, large bank supervision departments

OCC releases 2026 update to Bank Accounting Advisory Series

Compliance and Risk
August 14, 2026

The BAAS contains OCC staff responses to frequently asked questions from the banking industry and bank examiners on a variety of accounting topics.

Cost of funds shoots to top of community bankers’ concerns in 2024

Survey finds most consumers want to maintain bank branch access

Community Banking
August 14, 2026

U.S. consumers want digital banking convenience but also want to maintain access to bank branches and people for complex issues and personalized financial guidance, according to a new survey by Santander.

ABA survey: Americans strongly support prohibiting crypto companies from offering yield-like rewards for holding stablecoin

ABA cautions against allowing state regulation that could expand stablecoin issuer activities

Newsbytes
August 13, 2026

As it seeks to implement the Genius Act, the Treasury Department should not allow states to greatly expand the scope of services offered by payment stablecoin issuers beyond what is spelled out in the law, ABA said.

NEWSBYTES

ABA urges federal regulation of AI, level playing field for financial services

August 14, 2026

ABA DataBank: Consumers tap home equity as housing values rise

August 14, 2026

CFPB ends publication of consumer complaint narratives

August 14, 2026

SPONSORED CONTENT

Beyond Surveillance: Rethinking Security for Modern Financial Institutions

Beyond Surveillance: Rethinking Security for Modern Financial Institutions

August 12, 2026
Relationship Banking at Scale: Why Banks Need The Digital Sales & Service Platform

Relationship Banking at Scale: Why Banks Need The Digital Sales & Service Platform

August 1, 2026
Why Your Systems Keep Slowing Down — and What to Do About It

Examiners Are Now Looking at Your Non-Core Systems

June 11, 2026
Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

June 1, 2026

PODCASTS

Podcast: Banking the brave new world of college athletics

August 4, 2026

Podcast: Tactics for meaningful strategic planning

July 28, 2026

Podcast: Why it might be time to revisit a key FDIC ratio

July 23, 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.