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    Home » U.S. Home Sales Surged to Six-Month Record High in October
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    U.S. Home Sales Surged to Six-Month Record High in October

    November 24, 20211 Min Read
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    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

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