Sales of new homes in the U.S. decreased by 0.7% in September – Forex

September sales of new homes in the United States showed a negative trend compared to August. It was down 0.7 percent, or 7,000 homes. A total of 701,000 new buildings were sold. The data was provided by the U.S. Department of Commerce. They coincided with the forecast of analysts. The calculation of the indicator by methodology year-on-year showed an increase in sales of new homes by 15.5%. More than 50% of the total construction work in the country is accounted for by the construction of residential real estate. In this regard, the dynamics of this sector of the economy have a significant impact on the situation in other industries. New home sales statistics are always tracked by analysts and market participants. It allows us to assess the situation not only in the American real estate market, but also in the economy of the country as a whole. The more new houses are built, the greater will be the need for goods for their development, as well as in utilities.