Economic Watch: New Home Sales and Employment Jump
Sales of new homes on the United States skyrocketed in October, recording the biggest monthly increase in more than 30 years, according to a new U.S. Commerce Department report.

Photo: Evan Lockridge

Photo: Evan Lockridge
Sales of new homes on the United States skyrocketed in October, recording the biggest monthly increase in more than 30 years, according to a new U.S. Commerce Department report.
The 25.4% hike from the month before reflects an annual sales rate of 444,000 new homes, while new homes sales fell 6.6% in September. Compared with October a year ago, new homes sales increased 21.6%
The release of both the September and October report were delayed by the partial government shutdown in early October.
“The October sales numbers show that there is clearly a demand for new housing and the recovery remains on track,” said Rick Judson, chairman of the National Association of Home Builders and a home builder from Charlotte, N.C. “However, the recovery continues to be slowed by political uncertainty in Washington and ongoing constraints builders face with regard to tight credit conditions for consumers and the availability of labor, lots and materials.”
All four regions posted double-digit sales gains in October. Sales rose 19.2% in the Northeast, 34% in the Midwest, 28.2% in the South and 15.2% in the West.
“The strong October results return us to the sales levels we saw earlier this year and negate the pause caused by the sudden jump in interest rates,” says NAHB chief economist David Crowe. “We expect sales to continue to rise as pent up demand is released and first-time home buyers creep back into the market.”
However, some point out the jump in new home sales for October is not as good as it seems, according to CNBC.
Meantime, a separate private economic report gives a preview into last month’s employment situation, with official federal numbers due out Friday.
The ADP National Employment Report, which provides a snapshot of nonfarm private sector employment, shows 215,000 jobs were added in the U.S. in November, while the October number was upwardly revised from a 130,000 to 184,000 job gain. The November increase was the best so far this year.
Small businesses led the way in job creation, with 102,000 jobs added, while goods-producing employment rose by 40,000 jobs in November, up from 29,000 in October, with both construction and manufacturing payrolls adding 18,000 jobs each.
"The job market remained surprisingly resilient to the government shutdown and brinkmanship over the treasury debt limit,” says Mark Zandi, chief economist of Moody’s Analytics. “Employers across all industries and company sizes looked through the political battle in Washington. If anything, job growth appears to be picking up.”
More Drivers

FDA Eases Path for Oral-Fluid Testing
Federal actions could advance oral-fluid drug testing for truck drivers, but lab certification delays and marijuana rescheduling questions remain.
Read More →
Why Hiring Truck Drivers Is Getting Harder
Higher recruiting costs, a shrinking driver pool, and renewed pay competition are raising the stakes for fleets heading into 2027.
Read More →
Roehl Offers Truck Drivers $10,000 Retention Incentive
Payments begin after the first load and continue in mileage-based installments for eligible experienced drivers joining the fleet.
Read More →
Platform Science Adds Dispatch and Safety Tools
Four additions to PS Fleet help fleets monitor loads, manage driver coaching, share truck locations and adjust video system settings.
Read More →
When Language Stops the Truck: The Return of ELP Out-of-Service Orders
English language proficiency rules for commercial drivers aren’t new, but renewed out-of-service enforcement has raised the stakes. Here’s what carriers need to know before a driver reaches a roadside inspection.
Read More →
Samsara Launches Custom AI Agent Builder
Agent Studio lets fleets create AI tools for hours-of-service monitoring, reporting and driver support, including agents that communicate by phone.
Read More →
Trucker Path Expands Reserved Parking Network
Trucker Path has added close to 6,000 more truck parking spaces to its Trucker Path Reserved Parking Network with the addition of Safe Truck Parking.
Read More →
EEOC Sues Texas Trucking Company Over Driver Age Limits
The agency says Trancasa USA rejected applicants over 65 and applied tougher driving-record standards to those over 60.
Read More →
Nussbaum, Roehl Announce Second Driver Pay Increase This Year
This year has seen a swath of major truck driver pay increases as freight capacity has tightened.
Read More →
From One Generation to the Next: How Mentorship Builds Safer Truck Drivers
After three decades in trucking, Harold Perry shares what he's learned about driver safety, mentorship, and helping the next generation build confidence behind the wheel.
Read More →
