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August New Home Sales Above Expected At.....>

US DATA
US DATA: August New Home Sales Above Expected At 713k SAAR
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- August new home sales +7.1% to 713k SAAR vs expected 657k
- July sales rev up to 666k SAAR from 635k, June rev to 729k
- Median home prices +7.5% to $328,400 after July $305,400; +2.2% y/y
- Aug sales breakdown: NE -5.9%, MW -3.0%, South +6.0%, West +16.5% 
- Supply of new homes for sale -1.2% to 326k, +2.5% y/y  
- Months supply on the market 5.5 months vs 5.9 months in July

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