US New Home Sales MoM (Sep) M/M 3.8% vs. Exp. -13.8% (Prev. 20.5% )

US New Home Sales MoM (Sep) M/M 3.8% vs. Exp. -13.8% (Prev. 20.5% )

U.S. new home sales rose 3.8% month-over-month in September, significantly beating expectations of a 13.8% decline and reversing a prior surge of 20.5%. This surprising uptick suggests resilience in the housing market, potentially influencing views on consumer spending and future economic growth, while also impacting interest rate expectations as housing remains a key area of focus for the Fed.