Sales Of New Homes Hit Fastest Pace In 2 1/2 years

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Sales Of New Homes Hit Fastest Pace In 2 1/2 years

By Mark Memmott

Published October 24, 2012 at 8:21 AM MDT

A sign of the times at a building site in Ohio earlier this year.

Sales of new single-family homes rose 5.7 percent in September from August and at an annual rate of 389,000 hit the fastest pace since April 2010, .

Sales were up 27.1 percent from September 2011.

"further evidence the housing market recovery is gaining steam."

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Mark Memmott

Mark Memmott is NPR's supervising senior editor for Standards & Practices. In that role, he's a resource for NPR's journalists 鈥� helping them raise the right questions as they do their work and uphold the organization's standards.

See stories by Mark Memmott

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Sales Of New Homes Hit Fastest Pace In 2 1/2 years

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