The number of new homes for sale shrank to 394,000 units in September, down from 425,000 units in August. At the current sales pace, there was a 10.4 months?EUR??,,????'??? supply of unsold new units on the market, versus an 11.4 months?EUR??,,????'??? supply in August. Meanwhile, the median number of months that completed new homes have been on the market moved up to 9.1 ?EUR??,,????'??? a new record.

?EUR??,,????'??Keeping things in perspective, today?EUR??,,????'???s gain in new home sales followed a downward revision for August and was almost entirely concentrated in the West region, where sales bounced back from a very low level in August,?EUR??,,????'?? noted NAHB Chief Economist David Seiders.

Regionally, sales activity gained 22.7 percent in the West and 0.7 percent in the South in September, but at the same time declined 21.4 percent in the Northeast and 5.8 percent in the Midwest.