New home sales unexpectedly rise in October, sale prices increase

Nov. 23, 2022 10:01 AM ETRocket Companies, Inc. (RKT), UWMC, RDFN, HOUS, RMAX, PHM, KBH, DHI, ITBBy: Liz Kiesche, SA News Editor6 Comments

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  • October New Home Sales: +7.5% M/M to 632K vs. 575K consensus and 588K prior (revised from 603K).
  • -5.8% from October 2021.
  • The median sales price of new houses sold in October was $493.0K, up from $470.6K in September. The average sales

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