New home sales
US new home sales for the month of October rise 0.632M
  • Prior month new home sales 0.603M revise to 0.588M
  • new home sales for October 0.632M versus 0.570M estimate
  • new home sales +7.5% in October (MoM)
  • supplies at 8.9 months

A better number which may have been incentivized by builders. High mortgage rates and affordability still remain a problem for the US housing market. However supply – especially of existing homes - remains low.