New Home Sales Miss, August Drastically Revised Lower

zerohedge.com / by Tyler Durden / 10/24/2014 10:09

Having exploded 18% higher in August (driven by, um, record high prices), September’s new home sales printed at 467k (against expectations of 470k) and August’s surge to 504k was revised lower to just 466k (busting the biggest beat since 2005 meme) revised 7.5% lower. After August’s reported 50% MoM rise in The West, the region saw the rate of sales slow in September. The median new home sales price (at record highs last month) fell 4% YoY to $259,000.

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