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US – Oct New Home Sales
24/11/2022 09:16 am MYT
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In Oct, new home sales rose 7.5% month-on-month, but fell 5.8% year-on-year, to a seasonally adjusted annual rate (SAAR) of 632,000 units (figure 1).


The inventory of unsold homes rose to a SAAR of 470,000 units in Oct. The inventory level is equivalent to 8.9 months of supply at the current sales pace.


The average and median prices of new homes rose 11.5% and 15.4% year-on-year to US$544,000 and US$493,000 respectively.



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Note from Publisher
i Capital will be pausing its publication during the week starting 21 Nov. However, www.icapital.biz will be updated as usual, and the operating hours of our Kuala Lumpur office will also be as usual. Volume 34, number 15, of i Capital will henceforth be dated 1 - 7 Dec 2022.

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