New home sales fell for most of the country, especially out West.
The numbers: Sales of newly-constructed homes in the U.S. decreased 0.7% on a monthly basis in September to a seasonally-adjusted annual rate of 701,000, the government reported Wednesday.
What happened: New home sales fell for most of the country. They decreased most significantly in the West, where the sales volume was 3.8% lower than the previous month, followed by the Northeast and the South . The Midwest was the only region where new home sales picked up from August, rising 6.3%.
Despite the erratic nature of the new-home sales figures and the decline in September, the trend for new home sales is upward overall this year. On a non-seasonally adjusted basis, new homes were selling at an annual rate of 527,000 so far in 2019. At the same point last year, sales were occurring at an annual rate of 491,000.
France Dernières Nouvelles, France Actualités
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