October 2018 US new home sales 28 November 2018

  • New home sales 0.544m vs 0.575m exp, Prior 0.553m
  • Single family sales -8.9% vs -5.5% prior. Revised to 1.0%
  • Supply 7.4 months vs 6.5 months prior
  • Median prices $309,700 vs $319,500 Oct 2017 and $320,000 in Sep

Negative numbers here. Sales down is one thing but supply rising suggests a lack of appetite. Prices down on a year ago and a chunk on last month too. It’s looking increasingly dodgy in the housing sector.

Ryan Littlestone

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