Midwest New Home Sales Plummet In November

New home salesAfter a 34 percent increase in October from the month before, Midwest new home sales gave back a chunk of the gain in November, falling 26.6 percent from October.  New home sales in the midwest region of the U.S. in November were at a seasonally adjusted annual rate of 47,000 homes, down from a rate of 64,000 homes the month before however up slightly from a year ago in November when the rate of new home sales was 44,000 homes.

Looking at actual home sales and not “seasonally adjusted annual rates” we find that, through the end of November 2013, there have been 55,000 new homes sold in Midwest, up from 44,000 this same time last year.

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