September 2024 saw a rise in new single-family home sales, reflecting steady growth from August and the previous year.
Median and average sales prices remained strong, with available inventory providing a balanced months’ supply at the current sales pace, according to the US Census Bureau and HUD.
The US Census Bureau and the Department of Housing and Urban Development reported that sales of new single-family homes climbed to a seasonally adjusted annual rate of 738,000 in September 2024. This figure represents a 4.1 percent increase (±14.7 percent)* from the revised August rate of 709,000 and a 6.3 percent rise (±18.6 percent)* compared to the September 2023 estimate of 694,000.
The median sales price for new homes sold in September 2024 was $426,300, while the average sales price was $501,000.
The seasonally adjusted estimate of new homes available for sale was 470,000, equating to a 7.6-month supply at the current sales pace.
Source: US Census Bureau
The euro slipped to $1.1660 as peace talks between Trump, Zelenskiy, and EU leaders raised concerns, while attention turned to Powell’s Jackson Hole speech and Fed minutes, with a September rate cut likely.
Detail Markets Steady Ahead of PMI and Jackson Hole (08.18.2025)The euro held steady near 1.1690 in early Asian trading on Monday after last week’s 0.5% gain, supported by a dovish Federal Reserve outlook and softer U.S. data.
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Dollar Slips, Fed Cut Bets Drive Global Markets (18 – 22 August)The dollar index slipped 0.3% to 97.85, while gold fell near $3,340 on reduced Fed cut bets. Brent crude dropped 1.5% to $65.80 on weak China data and OPEC+ supply. Bond yields climbed, with the US 10-year at 4.3% and Japan’s JGB above 1.56% after strong GDP. In Europe, the ECB ended its easing cycle as Eurozone GDP rose 0.1%; UK gilt yields hit 4.60% after GDP beat forecasts.
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