Purchases of new single-family houses in the U.S. increased in October on strong demand and improved supply.
- The new home sales rose 0.4% in October compared with September to a seasonally adjusted annual pace of 745,000.
- New home sales in September were revised downwards to 742,000 from an initial estimate of 800,000.
- Sales posted were 23.1% below the same month a year earlier, when the sales reached a seasonally adjusted annual rate of 969,000.
- The average price of a new home increased slightly to $407,700 in October, from $404,700 in September.
The seasonally adjusted figure of new houses available for sale at the end of October was 389,000, representing a supply of 6.3 months at the current sales pace.
DXY up +0.40%, EUR USD down -0.46%Source: US Census Bureau
