New Home Sales for September increased to a 307,000 annual pace, following a revised 288,000 pace in August. Over the year New Home Sales are down 21.5% from 391,000 in September of 2009. The median sales price was $223,800 and the average sales price was $257,500. The estimate of new houses for sale at the end of September was 204,000, representing a supply of 8.0 months at the current sales rate.
Crude inventories increased by 5.0 million barrels, for the week ending October 22, from the previous week to 366.2 million barrels and were above the upper limit of the average range for that time of year. U.S. crude oil refinery inputs averaged 14.1 million barrels per day during this period, 171 thousand barrels per day above the previous week’s average. U.S. crude oil imports were averaging 9.5 million barrels per day, up by 863 thousand barrels per day from the previous week.
Upcoming Releases
Initial Claims (10/28 at 8.30 AM EST)
GDP Q3 Advance (10/29 at 8.30 AM EST)
Personal Consumption Expenditures (11/01 at 8.30 AM EST)
ISM Manufacturing Index (11/01 at 10.00 AM EST)
