US New Home Sales Dip in September but Beat Forecasts
US new home sales slipped 0.6% to 676,000 in September, beating the 653,000 consensus, according to a Dow Jones Newswires report on the Census Bureau data.
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what happened
According to Dow Jones Newswires, September new home sales in the United States edged down 0.6%, landing at 676,000. That figure came in well above the 653,000 that economists polled by The Wall Street Journal had penciled in, which implied a 4.5% decline.
August's tally was revised to 680,000 from an earlier 684,000. Homes available for sale stood at 476,000, a 1% decrease from 481,000 a month earlier, equal to 8.4 months of supply. The median price of a new home sold rose to $400,400 from $385,400 in August.
The report was issued by US federal agencies.
why it matters
The beat versus forecasts suggests housing demand held up better than analysts expected. For homebuilder shares, firmer demand and a higher median price are supportive, though a single monthly reading rarely shifts rate expectations much.
market impact
US homebuilders: sales above forecast support sector shares
- US homebuilder stocks pressure up — sales beat consensus, which supports demand expectations
tags
instruments
sources
- New Home Sales Edged Lower in September — Dow Jones Newswires, 27 October 2026 at 14:15 UTC
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