Sales of new single-family homes in the U.S. rose 5.7% in September to a
seasonally adjusted annual rate of 389,000, the highest pace since
April 2010, the U.S. Department of Commerce reported Wednesday. The
sales pace in August was revised down to 368,000 from a prior estimate
of 373,000. Economists surveyed by MarketWatch had expected new-home
sales in September to rise to an annual rate of 387,000, given recent
gains in other housing-market data, such as confidence among home
builders, as well as housing starts and permits. The median sales price
in September declined 3.2% to $242,400. The supply of new homes declined
to 4.5 months at September's sales rate from 4.7 months in August. By
region, sales in September fell only in the Midwest. Despite the gain in
September, the pace of new home sales remains relatively low compared
with a peak of almost 1.4 million in 2005
Sales of new homes rise 5.7% in September - MarketWatch
New Home Sales 389K, Exp. 385K, Last 373K revised down to 368..So we can assume this was a miss as well considering the tick just over expected. More translucent .Gov data for the sheep in you.
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