empty
 
 

2017.10.2510:25:00UTC+00U.S. New Home Sales Unexpectedly Spike 18.9% In September

New home sales in the U.S. showed a substantial increase in the month of September, according to a report released by the Commerce Department on Wednesday.

The report said new home sales surged up by 18.9 percent to an annual rate of 667,000 in September from a revised rate of 561,000 in August.

Economists had expected new home sales to drop to a rate of 555,000 from the 560,000 originally reported for the previous month.

New home sales in the Northeast spiked by 33.3 percent to a rate of 48,000, while new home sales in the South jumped by 25.8 percent to a rate of 405,000.

The Commerce Department said new home sales in the Midwest also climbed by 10.6 percent and new home sales in the West rose by 2.9 percent.

The median sales price of news houses sold in September was $319,700 compared to $303,800 in August and $314,800 in the same month a year ago.

The seasonally-adjusted estimate of new houses for sale at the end of September was 279,000, representing a supply of 5.0 months at the current sales rate

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback