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US September new home sales beat forecasts at a 676,000 annualized rate
US new home sales reached an annualized rate of 676,000 units in September, exceeding market expectations of 650,000 units, despite a 0.6% month-over-month decrease. In the same month, the median new home sale price fell 3.9% year-over-year to $400,400, while housing supply decreased from 8.5 months in August to 8.4 months.
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