US: New home sales in October declined by 8.9% to 0.544M

"Sales of new single‐family houses in October 2018 were at a seasonally adjusted annual rate of 544,000," the U.S. Census Bureau and the Department of Housing and Urban Development jointly announced today. 

Key takeaways from the press release

• This is 8.9 percent below the revised September rate of 597,000 and is 12.0 percent below the October 2017 estimate of 618,000.
• The median sales price of new houses sold in October 2018 was $309,700.
• The average sales price was $395,000.
• The seasonally‐adjusted estimate of new houses for sale at the end of October was 336,000.