U.S. Home Sales Decrease in September

U.S. sales of new single-family homes in September were at a seasonally adjusted annual rate of 603,000, dropping 10.9% from August and 17.6% lower than the comparable month last year.

The seasonally adjusted estimate of new homes for sale at the end of September was 462,000, representing a 9.2-month supply at the current sales rate. See U.S. Census Bureau

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