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Economic Update: New Home Sales

The Commerce Department reported New Home Sales in September rose 21,000 or 5.7% to an annualized rate of 389K. This was above the consensus expectation for a rate of 385K.

The total sales is the best since April 2010.

In addition, the median price of new homes increased.

In sum, this was an encouraging report.

Last 12 Months results for comparison purposes:

• August: 368K (revised from 373K)
  
• July: 374K
  
• June: 350K
  
• May: 382K
  
• April: 343K
  
• March: 332K
  
• February: 353K
  
• January: 318K
  
• December: 307K
  
• November: 314K
  
• October: 310K
  
• September: 303K

Recall that this data series is based on contracts signed and not actual sales.

Looking for the details and trend of the current economic data? Check out our all-new State of the Economy report . The report also includes a rating of the most recent trends, sorted by economic category. It’s a quick-read, executive summary of all the vital economic stats. Sign Up to receive an email alert when State of the Economy reports are published

 

  SPDR Homebuilders Last 12 Months

 

 

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