New home sales declined in September for
the first time since April.
The U.S. Census Bureau and the Department of
Housing and Urban Development said sales of newly constructed homes were sold
at a seasonally adjusted annual rate of 959,000 units, a 3.4 percent decline
from the prior month. Further, the 1,011,000 sales reported in August were revised
down to 994,000. Nonetheless, sales are still up 32.1 percent from one year
ago. 
Sales were below all the predictions from
the Econoday panel of analysts. Those ranged from 1.0 million to
1.05 million.  Their consensus was 1.016
million units. Econoday said its consensus forecast had fallen short of
actual sales in each of the previous five months.

 

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