US Home Sales Hit Six-Month High in September

Source: US Census Bureau

Sales of new privately-owned houses hit a six-month high in September, as the prices remained, even as prices were slightly up for the period. XHB is flat, while HOMZ is down 0.38%.

• Sales of new single-family houses stood at a seasonally adjusted annual rate of 800,000, up from 702,000 in August but lower than 971,000 last year.
• The latest reading is the highest in six months since sales were recorded at 873,000 in March.
• New houses for sale at the end of the period were recorded at 379,000, unchanged from September, equivalent to a supply of 5.7 months at the current rate.
• Houses for sale include 36,000 completed, 237,000 under construction, and 106,000 which have not yet started.
• The median sales price of new houses was $408,000, up from $401,500 the previous month and $344,400 the same month last year.
• Average house prices also climbed to $451,700 from $446,900 in August and $405,100 in September 2020.