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September new home sales +18.9% to 667k.....>

US DATA
US DATA: September new home sales +18.9% to 667k SAAR, well above 
the 555k rate expected and the highest since October 2007 (727k). This 
followed modest upward revisions to the sales pace in the previous two 
months. Sales rose in the Northeast by 33.3% to 48k, its largest level 
since Jan 2008 and sales in the South rose by 25.8% to 405k, highest 
level since Jul 2007. There were also gains in the Midewest and West. 
The supply of new homes for sale was unchanged at 279k, and +15.3% y/y. 
As a result of the flat supply and sales rise, the months supply on 
market decreased to 5.0 months from 6.0 months in August. The median new
home sales price +5.2% to $319,700, and +1.6% y/y. See MNI main wire. 

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