The Dallas, TX market saw an increase in sales of new homes in September year-over-year, and the percentage rise was greater than August 2011, giving hints of improving market conditions. Sales increased 9.4% from a year earlier to 1,243, compared with an 8.0% rise in August from the year earlier.
In the 12 months ending September 2011, there were 12,732 new home sales, up from an annualized 12,625 in August.
As a percentage of overall housing sales, new home sales accounted for 13.0%. This is a rise from 11.9% of sales a year earlier. Sales of new and existing homes rose year-over-year in September after also rising in August year-over-year.
Read more...Residential Home Building Permits and Housing Start Trends for Dallas, Texas - Builder Magazine
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