US September new home sales 959K vs 1025K expected
US September new home sales data
- Prior was 1011K (revised to 994K)
- Sales -3.5% m/m
- Median sale price $326.8K, up3.5% yy
- Supply 3.6 months vs 3.4 prior
This is a small setback. There is a consensus belief that the US is in a secular bull market in housing and I don't see this changing that.