【World Property Journal】Rising Rate Concerns, Supply Chain Fears Drive New Home Sales

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, low existing inventory and buyers' fears of future higher mortgage rates, new home sales posted a solid gain last month.

Sales of newly built, single-family homes in September rose 14% to an 800,000 seasonally adjusted annual rate from a downwardly revised reading in August 2021.

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