(ABM FN-Dow Jones) Fewer single-family homes were sold in the U.S. in September than a month earlier, but the decline was less than expected. This was revealed on Wednesday from figures from the US Department of Commerce.
The number of new single-family homes fell 10.9 percent on a monthly basis to 603,000 units. The August figure was revised to 677,000 from 685,000.
Economists expect 593,000 new housing starts in September.
The median home price is $470,600. The median sales price was $517,700, slightly lower than last month.
Source: ABM Financial News
From Beursplein 5, its authors ABM Financial News Keep a close eye on developments in the stock markets and particularly the Amsterdam Stock Exchange. The information contained in this column does not constitute professional investment advice or a recommendation to make specific investments.
Herb Brewer is a contributor at Houstonian Online, writing about news, politics, business, technology, sports, entertainment, and lifestyle topics. He is committed to delivering clear, balanced, and informative content that keeps readers updated on current affairs, important developments, and stories relevant to everyday life.
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