New home sales in the US fall less than expected in September
US new home sales dropped 0.6% to an annual rate of 676,000 in September, far better than forecast, according to the Census Bureau data.
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what happened
The U.S. Census Bureau reported on Tuesday that new home sales fell 0.6% from August to an annual rate of 676,000. Seeking Alpha put the consensus at 615,000, while RTTNews and dpa-AFX, citing economist expectations, pointed to a 4.2% drop to 655,000. August sales were revised from 684,000 to 680,000.
Weakness in the Midwest (down 7.3% to 89,000) and the South (down 6.6% to 413,000) was largely offset by gains in the Northeast (up 28.0% to 32,000) and the West (up 21.4% to 142,000). Unsold new homes stood at 476,000, equal to 8.4 months of supply at the current pace, down from 8.5 months in August. The median sales price was $400,400, up 3.9% from August but down 3.9% from a year earlier.
why it matters
New housing data matters for rate expectations and the homebuilding sector. Sales that beat forecasts and a fairly stable inventory suggest demand is holding up. However, the median price falling year on year and supply of nearly 8.5 months show that pressure on builders persists.
market impact
US homebuilders: demand stronger than expected supports the sector
tags
instruments
sources
- New home sales fall less than expected in September — Seeking Alpha, 27 October 2026 at 14:02 UTC
- U.S. New Home Sales Pull Back Much Less Than Expected In September — TradingView, 27 October 2026 at 15:02 UTC
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