US New Home Sales Rise Slightly In October Below Estimate

New home sales estimated to come at 800,000.

New home sales in the US increased slightly in October, but came below the market estimate, according to a joint report by the Census Bureau and Department of Housing and Urban Development on Wednesday.
Sales of new single‐family houses in October came at a seasonally adjusted annual rate of 745,000, which was a 0.4% increase from the revised September rate of 742,000.
New home sales, which shows number of new single-family homes sold, was estimated to come at 800,000 in October.
The October figure was 23.1% below the same month of last year when it stood at 969,000, the report said.
The median sales price of new houses sold in October was $407,700, while the average sales price was $477,800, it added. -