Sales of new homes in the US fell in October to a minimum since March 2016

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In October, there was a decrease in sales of new homes in the United States. According to the US Department of Commerce, the figure fell in annual terms by 8.9% compared to September to 544 thousand homes. The rate of decline was the highest in the last 10 months. Experts had not expected a drop in sales. According to their estimates, growth was expected to the level of 575 thousand houses. Compared to October last year, sales of new buildings fell by 12%. The average selling price of a home was $309,700, down 3.1%. This is the lowest level of value since February last year. At the same time, the number of new homes put up for sale at the end of October was the largest since January 2009, reaching 336 thousand.

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