New Home Sales Rise 2.7% in September

New home sales rose 2.7% in September from a 17-year low the month before, the Commerce Department said Monday.

Sales rose to an annual pace of 464,000, from a revised 452,000 in July, Commerce said.

Economists forecast a drop to a pace of 450,000, Bloomberg reported.

Rising home sales can mean more business for flatbed trucking companies that haul building materials and dry van freight carriers that haul household appliances and furniture.

New home sales account for about 15% of residential real estate sales.