Highlights of the October US new home sales report from the Census Bureau

  • Prior was 667K
  • 10-year high in new home sales
  • Median sale price $312,800, up 3.3% y/y
  • Supply at 4.9 months vs 5.2 months prior

Sales rose 6.2% in Oct, much better than the 6.3% contraction that was expected. This is the second-consecutive strong reading.