U.S. New Home Sales Surge in September 2023

United States of America
Sales of new homes in the U.S. surged by 12.3% in September 2023.
The Midwest saw the largest increase in sales, with a rise of 27.5%.
This is the fastest pace of new home sales since February 2022.

In September 2023, sales of new homes in the United States experienced a significant increase, according to data released by the U.S. Census Bureau. The sales surged by 12.3%, marking the fastest pace since February 2022. This rebound comes after a period of decline in the housing market, with sales falling in the previous months. The surge in sales was unexpected by many market analysts, who had predicted a more modest increase. The rise in sales was widespread, with increases reported in all four regions of the U.S. The Midwest saw the largest increase, with sales up by 27.5%, followed by the South with a 9.7% increase, the West with a 7.5% increase, and the Northeast with a 6.2% increase. Despite the surge in sales, the median price of a new home sold in September was $377,700, a decrease from the previous month. The inventory of new homes for sale at the end of September was 282,000, representing a 6.2-month supply at the current sales rate.

Confidence

95%

Doubts
  • The exact reason for the surge in new home sales is not explicitly stated in the articles.

Sources

92%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

New home sales rebound in September

CNN News Site: In-Depth Reporting and Analysis with Some Financial Conflicts and Sensational Language Wednesday, 25 October 2023 00:00
  • Unique Points
    • The article provides a detailed breakdown of the regional sales data, which is not found in the other articles.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (70%)
    • CNN is owned by WarnerMedia News & Sports, a division of AT&T's WarnerMedia. AT&T has significant investments in real estate and could potentially benefit from positive news about the housing market.
    • Author Conflicts Of Interest (100%)
      None Found At Time Of Publication

    90%

    The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
    (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

    A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

    U.S. new homes sales rebound in September, surging 12.3%

    MarketWatch Jacob Passy Wednesday, 25 October 2023 00:00
    • Unique Points
      • The article provides a comparison of the sales data with the previous year, which is not found in the other articles.
    • Accuracy
      No Contradictions at Time Of Publication
    • Deception (100%)
      None Found At Time Of Publication
    • Fallacies (100%)
      None Found At Time Of Publication
    • Bias (100%)
      None Found At Time Of Publication
    • Site Conflicts Of Interest (60%)
      • MarketWatch is owned by Dow Jones, which is a subsidiary of News Corp. News Corp also owns Realtor.com, a real estate marketplace, which could benefit from positive news about the housing market.
      • Author Conflicts Of Interest (100%)
        None Found At Time Of Publication

      93%

      The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
      (Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

      A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

      US New-Home Sales Surge to Fastest Clip Since February 2022

      Bloomberg News Now Katia Dmitrieva Wednesday, 25 October 2023 00:00
      • Unique Points
        • The article provides an analysis of the impact of the sales surge on the housing market, which is not found in the other articles.
      • Accuracy
        No Contradictions at Time Of Publication
      • Deception (100%)
        None Found At Time Of Publication
      • Fallacies (100%)
        None Found At Time Of Publication
      • Bias (100%)
        None Found At Time Of Publication
      • Site Conflicts Of Interest (75%)
        • Bloomberg L.P., the parent company of Bloomberg News, provides financial software tools such as an analytics and equity trading platform, data services, and news to financial companies and organizations. Positive news about the housing market could potentially influence the financial market, which could indirectly benefit Bloomberg L.P.
        • Author Conflicts Of Interest (100%)
          None Found At Time Of Publication