Greetings neighbors,

According to recent data from the U.S. Commerce Department, the number of sales for newly built single family homes is rising nicely after hitting record lows back in May. Recent reports showed a 23.6% rise to a seasonally adjusted annual rate of 330,000 units last month.

Industry experts feel that recent numbers are very encouraging as well as a sign that sales for these homes are bouncing back from the much anticipated slow period following the expiration of the tax credit.

When comparing the country's regions, sales rose tremendously in 3 out of 4 regions with the Northeast producing the largest increase in percentage with a 46.4% gain. In addition, the South followed with a 33.1% gain and the Midwest with a 20.5% gain. The West was the only region that did not experience any improvement in new-home sales, but fell to a record low of 6.6%.