Statement by U.S. Commerce Department Under Secretary Rebecca Blank on New Home Sales in September

WASHINGTON, D.C. – October 27, 2010 – (RealEstateRama) — The Commerce Department’s U.S. Census Bureau today released new home sales data for September 2010. Sales of new, single-family homes increased 6.6 percent, exceeding private-sector expectations of a 4.2 percent increase. Sales have increased 8.9 percent from the historic low posted in May