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October new home sales +6.2% to 685k SAAR,..>

US DATA
US DATA: October new home sales +6.2% to 685k SAAR, well above the 
629k rate expected. 
-There was downward revisions to the sales pace in September but 
modest upward revisions to August. 
-Sales increased in the Northeast by 30.2% to 56k, in the South by 1.3% 
to 383k, in the Midewest by 17.9%, and in the West by 6.4%. 
-The supply of new homes for sale increased to 282k, and +13.7% y/y. 
-As a result of the large increase in sales and smaller increase 
in new homes for sale, the months supply on market decreased to 4.9 
months from 5.2 months in September. 
-The median new home sales price -3.7% to $312,800, but +3.3% y/y. 

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