Ekonomické zprávy
24.11.2021

U.S. new home sales increase 0.4 percent in October

The U.S. Commerce Department reported on Wednesday that the sales of new single-family homes rose 0.4 percent m-o-m to a seasonally adjusted annual rate of 745,000 units in October. This was the highest reading since April.

Economists had forecast the sales pace of 800,000 last month.

September’s sales pace was revised down to 742,000 units from the originally reported 800,000 units.

According to the report, new home sales in the South, the largest area, edged up 0.2 percent m-o-m in October, while those in the Midwest surged 11.0 percent m-o-m. In the meantime, new home sales in the West fell 1.1 percent m-o-m and those in the Northeast plunged 11.8 percent m-o-m.

The report also showed that median sales price soared 17.5 percent y-o-y to $407,700, while the average sales price climbed 21.1 percent y-o-y to $477,800.

In y-o-y terms, new home sales were down 23.1 percent in October.

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