After recording four consecutive months of increases, the number of newly built single-family homes sold in the U.S. dipped in September, according to a report released Monday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
There were 959,000 sales of new single-family houses in September, 3.5% below August’s number of 994,000 and the lowest total since June, according to the data, which is seasonally adjusted to account for predictable and regular annual fluctuations in the housing market.
Despite the slight dip, September’s newly constructed family home transactions remained a notable 32.1% above the level recorded in 2019, when there were approximately 726,000 new single-family homes changing hands.
The boom compared to last year reflects the surge of demand for homes that has emerged following coronavirus lockdowns. Buyers, having spent increased time indoors because of the pandemic, have reassessed their housing needs. More square footage,