New home sales figures recovered from a July decline that was revised up to -4.3% from -10.5%. Median new home prices increased 0.4% to $393,700, with an average selling price of $478,700. Building permits also beat expectations, contributing to data that suggests the U.S. economy is not entering a recession despite consensus analyst concerns.
Wednesday, October 21, 2026
Story
US Jobless Claims Drop to 197,000 Nearing 57 Year Low
US Markets26 days ago
August new home sales rose 6.4% month-over-month, far exceeding the 1.3% forecast, as U.S. economic data showed unexpected resilience. Weekly jobless claims fell to 197,000, below the 200,000 expected, while continuing claims dropped to 1.719 million against a projection of 1.750 million. The decline in continuing claims represents the lowest reading in months regarding the state of the labor market.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.