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US: New home sales fell by 5.5% to 553K in September

"Sales of new single‐family houses in September 2018 were at a seasonally adjusted annual rate of 553,000," the U.S. Census Bureau and the Department of Housing and Urban Development jointly announced on Wednesday.

Key takeaways from the press release

  •  This is 5.5 percent below the revised August rate of 585,000 and is 13.2 percent below the September 2017 estimate of 637,000.
  • The median sales price of new houses sold in September 2018 was $320,000.  The average sales price was $377,200.
  • The seasonally‐adjusted estimate of new houses for sale at the end of September was 327,000. 

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