Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
12/4/2013 10:10:00 AM Write a Letter to the Editor Write a letter to the Editor

New Home Sales Rise by Most in 33 Years

TT File Photo

New home sales jumped 25.4% in October, the biggest rise in 33 years, the Commerce Department reported Dec. 4.

Sales rose to an annual rate of 444,000 homes from a 354,000 rate the prior month that was the weakest since April 2012. The median selling price dipped 0.6% from a year ago, to $245,800.

The rate topped economists’ median forecast of 429,000, Bloomberg News reported. The rise from September was the biggest surge since May 1980.

Purchases rose in all four regions, led by a 34% increase in the Midwest.

Rising home sales can mean more business for flatbed trucking companies, which haul building materials, and for dry van freight carriers, which haul household appliances and furniture.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2013, Transport Topics Publishing Group. All rights reserved.



Follow Us


This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.



© American Trucking Associations, Inc., All Rights Reserved Privacy Statement