In September, new-home sales skyrocketed 15.5 percent year-over-year, according to the Commerce Department's latest monthly report.
New-Home Sales: 701,000
- -0.7 percent month-over-month
- +15.5 percent year-over-year
For-Sale Inventory: 321,000
Months' Supply: 5.5
Average Price: $362,700
Median Price: $299,400
Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development