US October 2018 new home sales data
Prior was 553K (revised to 597K)
Single family home sales -8.9% vs +1.0% prior
Sales -8.9%
Prior sales revised to +1.0% from -5.5%
Median sale price $309,700 vs $319,500 prior
Homes for sale 336K vs 322K prior
New home supply 7.4 months versus 6.5 months prior
The headline looks terrible but there was a big upward revision to the prior.
Home builders have been hammered this year and you can see why. Prices and volumes are both falling while tariffs on lumber and other materials have driven up costs materially.