Forex News

US new home sales for the month of September 0.603M vs. 0.585M estimate

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  • Prior month 0.685M revised to 0.677M
  • New home sales 0.603M vs 0.585M estimate
  • New home sales MoM %: -10.9% MoM
  • Median sales price up 13.8% YoY

Although better than expected, the trend is lower for sales.

The 30 year mortgage rate came in this week at 7.15%. Higher rates and higher prices has squeeze the buyers out of the housing market plan that is being reflected in the sales data.

Pulte is seeing a 24% cancellation rate.


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