11/25/2020, 4:01 PM (Source: TeleTrader)
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US new home sales at 999,000 in October, down 0.3%

New home sales in the United States slid 0.3% from September's revised figure to land at 999,000 in October, topping analysts' estimates, according to the US Census Bureau's data report released on Wednesday. Compared to the same month last year, new residential sales surged 41.5%.

The median sales price of new houses sold in October 2020 was $330,600, while the average sales price stood at $386,200.

The seasonally-adjusted estimate of new houses for sale was at 278,000, representing a supply of 3.3 months at the current sales rate.

Breaking the News / GA