According to a report from the Commerce Department, new U.S. single-family home sales in October soared, jumping to a seasonally adjusted rate of 444,000, a 25.4% increase from earlier months and the highest rate seen since April 2013. The vice president of mortgage information site HSH Associates, Keith Gumbinger said, “It may very well be that a lot of folks are feeling better about their prospects and buying a new home, and builders are motivated to get folks into homes.” More here
