U.S new home sales declined 8.9% in October

Market news

28 November 2018

U.S new home sales declined 8.9% in October

Sales of new single‐family houses in October 2018 were at a seasonally adjusted annual rate of 544,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 8.9 percent below the revised September rate of 597,000 and is 12.0 percent below the October 2017 estimate of 618,000.

The median sales price of new houses sold in October 2018 was $309,700. The average sales price was $395,000.

U.S Richmond District manufacturing activity grew moderately in November,

U.S.: New Home Sales, October 0.544 (forecast 0.575)

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