US New Home Sales Fall in September

New homes sales in the United States decreased last month, against market expectations, data by the US Department of Commerce showed on Monday.

New single-family home sales declined by 3.5% to a seasonally adjusted annual rate of 959,000 units in September.

Meanwhile, the August reading was revised down to 994,000 units from initial estimates of 1.011 million units.

Meanwhile, on the annual level, new home sales increased by 32.1%.