US new home sales data for Sept 2021
- Prior was 740K (revised to 702K)
- Single family home sales +14.0% vs +1.5% m/m prior
- Median prices $408,800 vs $390,900 prior
- Average prices $451,700 vs $443,200 prior
- Months of supply 5.7 vs 6.1 months of supply prior
In August, there was a sharp fall in sales in the midwest and that continued this month with a 1.5% decline but that was swamped by a 32.3% rise in the northeasst and a 17.5% rise in the south.
The mini buyers' strike in US housing is likely over.
