On November 26, 2024, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported a significant decline in new residential sales for October 2024.
On November 26, 2024, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported a significant decline in new residential sales for October 2024.
Sales of new single-family homes were recorded at a seasonally adjusted annual rate of 610,000 units, representing a 17.3% decrease (±12.8%) from the revised September figure of 738,000. Compared to October 2023, sales were down by 9.4% (±19.0%), reflecting a slowdown in the housing market.
The median sales price for new homes in October 2024 was $437,300, while the average price stood at $545,800.
At the end of the month, the inventory of new homes for sale reached a seasonally adjusted 481,000 units, equivalent to a 9.5-month supply at the current sales pace, highlighting slower turnover in the housing market.
Source: U.S. Census Bureau
The dollar index steadied around 102 on Tuesday, near its highest since April 2025, as the euro weakened on French fiscal and political concerns and Spain's upcoming snap election, yet stabilized near 1.1220 after touching its lowest level since May 2025.
Detail
Weak US Jobs Ease Fed Hike Bets (5 – 9 October)Weak US labor market data shifted the monetary policy outlook after September nonfarm payrolls rose by only 29,000, well below the 90,000 forecast, while prior months were revised lower. Unemployment rose to 4.2%, and wage growth slowed to 3.0%, cutting the probability of an October Fed hike to around 20%. The Dollar Index fell below 102 after the report, but remained on course for a third consecutive weekly gain.
Detail Safe-Haven Demand Keeps Dollar Firm (10.05.2026)Safe-haven demand and elevated Treasury yields supported the dollar as Middle East tensions kept investors cautious at the start of the week.
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