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10/26, 3:02 PM (Source: TeleTrader)
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US new home sales at 959,000 in September, down 3.5% MoM

New home sales in the United States were at 959,000 in September, according to a release by the US Census Bureau on Monday, 3.5% down from the revised figure from August and below expectations. Compared to September 2019, new home sales grew by 32.1%.

The median sales price of new houses sold in September 2020 was $326,800, whereas the average sales price was $405,400. The inventory of houses for sale stood at 284,000, a supply of 3.6 months at the current sales rate.

Breaking the News / DJ