US new-home sales for September 0.759M vs 0.680M estimate.

<ul><li>Prior month 0.675M revised to 0.676M</li></ul><ul><li><p>Sales of new single-family houses in September 2023:</p><ul><li>Seasonally adjusted annual rate: 759,000 vs 680,000 est.</li><li>Increase of 12.3% from the revised August rate of 676,000</li><li>Increase of 33.9% from September 2022 estimate of 567,000</li></ul></li><li><p>Sales Price for new houses sold in September 2023:</p><ul><li>Median sales price: $418,800</li><li>Average sales price: $503,900</li></ul></li><li><p>For Sale Inventory and Months' Supply:</p><ul><li>Seasonally adjusted estimate of new houses for sale at the end of September: 435,000</li><li>Represents a supply of 6.9 months at the current sales rate</li></ul></li></ul><p>The numbers are based on signed contracts.</p><p>Pulte group said yesterday that homebuilders (including themselves) were buying down the mortgage rate to stimulate new home sales. </p>

This article was written by Greg Michalowski at www.forexlive.com.