September US new home sales down 23%

Sales of new US homes fell 23% year on year.  Commerce Department data shows sales of newly-built US properties totalled 770,000 in the year to September. September sales of existing US homes fell 8% y o y – the biggest year-on-year decline for non-new build properties in 16 years. The September new home sales figure however was a 4.8% rise on August, although this is only after August’s figure was revised down to 735,000, from 795,000.


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