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via mortgagenewsdaily.comEconomy

New home sales reinforce last month's rebound

FROM THE WIRE · MORTGAGENEWSDAILY.COM

New home sales lost almost no ground in September, effectively reinforcing the healthy rebound seen in August's report. The Census Bureau's New Residential Construction report clocked sales at an annual pace of 676k, down only 0.6% month over month. As seen in the chart below…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe US housing data matters for rates expectations and the homebuilding sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01New home sales were at an annual pace of 676k in September, down 0.6% month over month.
  2. 02New homes for sale totaled 476,000, with implied supply at 8.4 months.
  3. 03The median sales price rose to $400,400, up 3.9% for the month.

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