By Xavier Fontdegloria 

Purchases of new single-family houses in the U.S. decreased in September, breaking a four-month streak of gains. Here are the main takeaways from the Commerce Department's report released Monday:


--New home sales fell 3.5% in September compared with August to a seasonally adjusted annual rate of 959,000.


--The reading missed economists expectations polled by The Wall Street Journal, who had expected a 1% increase to a seasonally adjusted annual rate of 1.02 million.


--September sales were 32.1% above the same month a year earlier.


--August new home sales were downwardly revised to 994,000 from an earlier estimate of 1,011,000.


--Monthly new residential sales data is volatile and often revised. September's figures came with a margin of error of 19.9 percentage points.


--The median price of a new home was $326,800, up from $315,700 the same month a year earlier.


--The seasonally adjusted estimate of new houses for sale at the end of September was 284,000. This represents a supply of 3.6 months at the current sales rate.


Write to Xavier Fontdegloria at


(END) Dow Jones Newswires

October 26, 2020 10:21 ET (14:21 GMT)

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