New Home Sales Fall

U.S. new home sales in September fell 3.6% from August, and were down 7.8% year-over-year. This is the first decline in monthly new home sales after five consecutive monthly gains.

Median sales prices have fallen 9.1% in the past year to $204,800. Best news in the release: The supply of homes on the market fell to 251,000 in September, which is the lowest level since November 1982.


Sales of new one-family houses in September 2009 were at a seasonally adjusted annual rate of 402,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.6 percent (±10.2%)* below the revised August rate of 417,000 and is 7.8 percent (±12.0%)* below the September 2008 estimate of 436,000.

Note that this data series is particularly noisy, and often mean reverts every 2 months. On top of that, neither the monthly nor the annual changes are statistically meaningful, as they are both less thanthe margin of error.


new home sales 9.09

via Barron’s Econoday



New Home Sales Data: Don’t rely On It Either (November 30th, 2005)


Print Friendly, PDF & Email

What's been said:

Discussions found on the web:

Posted Under