New U.S. home sales dip in September

WASHINGTON — Sales of new single‐family houses in September 2018 were at a rate of 553,000 (seasonally adjusted), according to estimates released by the U.S. Census Bureau. That rate is 5.5% below the revised August rate of 585,000 and 13.2% below last September’s estimate of 637,000. The median sales price of new houses sold in September 2018 was $320,000. The average sales price was $377,200.