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Wednesday, November 24, 2021

New home sales rise 0.4% in October, worse-than-expected

October New Home Sales: +0.4% M/M to 745K vs. 790K expected and 742K prior (revised from 800K).

The median sales price of new houses sold of $407.7K in October eases from $408.8K in September.

The seasonally-adjusted estimate of new houses for sale at the end of October was 389K, representing a supply of 6.3 months at the current sales rate, up from 5.7 months' supply in September.

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