US DATA: Sept new homes sales +5.7% to 313k, above the 300k rate
expected, but following mixed revisions to July and Aug totaling a net
4k downward revision. Sales were -4.2% in the NE and -12.2% in the MW,
but were +11.2% in the South and +9.7% in the West. Supply of new homes
for sale flat at 163k, but the months supply fell to 6.2 months at the
current sales rate in Sep from 6.6 months in Aug due to the stronger
sales pace. This is the lowest months supply since April 2010. The
median sales price fell 3.1% to $204,400, low since Oct. 2010 and -10.4%
y/y. The data still reflects a weak housing market.