US: New Home Sales tumbled to 679K in October vs. 725K expected
|- New Home Sales in the US declined 5.6% in October.
- US Dollar Index continues to hover around 103.40 after the data.
Sales of new single‐family houses in October 2023 were at a seasonally adjusted annual rate of 679,000, according to estimates released jointly on Monday by the US Census Bureau and the Department of Housing and Urban Development. The number represents a decline of 5.6% from the September revised rate of 719,000 and is below market consensus of 725,000.
The median sales price of new houses sold in October 2023 was $409,300 and the average sales price was $487,000, the publication revealed.
Market reaction
The US Dollar Index (DXY) remained around 103.40, marginally lower for the the day.
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