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US New Home Sales October 745K vs. 800K Expected

U.S. home sales collapse in October

  • Before was 800K (revised to 742K)
  • Sales + 0.4% vs. + 14.0% previously
  • Median selling price + 17.5% y / y
  • 6.3 months supply

This is a mediocre number and a weak review. Home builders are struggling to market homes due to fluctuating prices and uncertainty about when homes can be delivered. Instead, they market the homes further down the construction cycle. This will continue to lead to irregular numbers.

On the surface, however, this is an undeniable negative point.

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