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Monday, October 26, 2020

New home sales unexpectedly dipped in September

September New Home Sales: -3.5% Y/Y to 959K vs. 1,016K expected and 994K prior (revised from 1,011K).

Rises 32.1%.


 

Median sales price of new houses sold was $326,800, up from $312,800 in August; average sales price of $405,400K compares with $369K in the previous month.

Seasonally adjusted estimate of new houses for sale at the end of September was 284K, representing a supply of 3.6 months at the current sale rate, up from a 3.3-month supply at the end of August.

 

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