September New Home Sales Data: Prices, Inventory, and the Impact of Rising Mortgage Rates

September new home sales came in above expectations, yet the underlying details show softness in the housing market. This breakdown covers the headline figure, revisions, median sale price, inventory, and the effect of mortgage rates on buyers and builders.

■ Headline Sales Figures
- Seasonally adjusted annualized rate and how it compared with consensus expectations
- Downward revision to the August figure and the month-over-month and year-over-year changes

■ Market Conditions
- Mortgage rate levels during the month and their effect on buyers
- Home builder confidence and housing starts trends

■ Pricing and Inventory
- Median sale price movement and builder pricing strategies
- For-sale inventory level and months of supply

Viewers following housing market data or evaluating the new home market can use this overview to understand what the September report indicates and which figures to watch in future releases.