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August new home sales -3.4% to 560k SAAR,...>

US DATA
US DATA: August new home sales -3.4% to 560k SAAR, below the 581k 
rate expected, but following upward revision to the sales pace in the 
previous month. Sales fell in the Northeast, South, and West, while the 
Midwest was flat. The supply of new homes for sale +3.6% to 284k, and 
+17.8% y/y. The supply of new homes for sale is the largest since May 
2009 (291k). As a result of the supply gain and sales drop, the months 
supply on market rose to 6.1 months from 5.7 months in July. The median 
new home sales price -6.2% to $300,200, but +0.4% y/y. See MNI main 
wire. 

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