CNBC's Diana Olick joins 'Squawk on the Street' with the latest housing data to cross the tape.

Washington

US new home sales recorded a substantial increase, reaching an annualized rate of 800,000, well above market expectations of 650,000. This represents a 20.5% rise from the previous month and a 15.4% increase compared to the same period last year. The surge occurred even as mortgage rates remained elevated, with many buyers signing contracts before a recent drop in rates.

Builders contributed to the sales boost by offering incentives such as price cuts and mortgage rate buy-downs. The median price of a new home sold rose to $413,500, up 4.7% from the previous month. Inventory levels also declined, with a 7.4-month supply compared to nine months previously, indicating a tightening market.

New home sales jump

But first new home sales just crossing Diana Olick has those numbers for us, Diana David a massive beat on new home sales 800,000 seasonally adjusted annualized rate in August the street was looking for 650. This is up 20.5 percent from July and up 15.4 percent from August of 2024 now we've been talking about mortgage rates of course Forever and they didn't come down in August these numbers are based on signed contracts So people out shopping in August when the 30-year fix had not started its steep drop that we saw in September So it was well over six and a half percent in the high six percent range now We're down at the six point three percent range. So this is a surprise. But again, we've been talking about the builders They're incentives Lenar's earnings last week. They said they're doing price cuts They're doing all kinds of mortgage rate buy downs and other incentives. Let's look at the price today the price of a new home sold was Four hundred thirteen thousand five hundred dollars. This is four point seven percent above July and it is Above 1.9 percent above August 2024. So price is going up on this. It's really interesting that this is happening I guess people getting back into that market before the fall season Which is usually kind of the second most busy as opposed to the spring season But it is a real surprise to see prices go up as well as sales go up inventories, though We're looking at a seven point four month supply. We had been at a nine month supply In July, so inventories coming down builders Obviously making the push to get in people in the door, but builder sentiment again wasn't so great in September So these numbers are really quite something again 800,000 up 20% month to month back to you. Yeah, Diane a lot of cross currents there. Thanks for breaking that down for us

Officials say a politically motivated sniper attack on an ICE facility in Dallas left 1 dead and 2 wounded; the suspected shooter died from a self-inflicted shot.

Dallas

1 killed, 2 wounded in shooting at ICE facility in Dallas

At least three people were shot at a Dallas Immigration and Customs Enforcement facility on Wednesday morning, officials said. One victim was killed, while two others are injured. The shooter died of a self-inflicted gunshot wound.

Three people shot at ICE facility in Dallas, officials say

After a six-day suspension, late-night host Jimmy Kimmel broke down in tears during his return to TV with a monologue focused on the importance of the maintaining the right to free speech while still poking fun at the Trump administration.

Los Angeles

Jimmy Kimmel makes emotional return with monologue about free speech

Mainland China is bracing for Super Typhoon Ragasa, after the powerful storm caused widespread destruction across the region. In Taiwan, at least 14 people have died in flooding triggered by the cyclone.

Kowloon

Typhoon Ragasa sweeping towards China, 14 killed in Taiwan

After meeting for about an hour with Ukrainian President Volodymyr Zelenskyy, President Trump said he believes Ukraine can win back all of its territory from Russia "in its original form."

New York

In major shift, Trump says Ukraine can win back territory lost in war

A jury has convicted Ryan Routh of attempting to assassinate U.S. President Donald Trump on his Florida golf course last year. He was found guilty of all five charges, which included attempted assassination of a major presidential candidate and assaulting a federal officer.

West Palm Beach

Ryan Routh found guilty of trying to assassinate Trump

U.S. President Donald Trump on Tuesday (September 23) spoke with reporters while meeting with Ukrainian President Volodymyr Zelenskyy at the United Nations General Assembly in New York City.

Trump takes questions during meeting with Zelenskyy

Chipmaker Nvidia said it would invest up to $100 billion in OpenAI, the developer of ChatGPT, as part of a strategic partnership. CBS MoneyWatch correspondent Kelly O'Grady has more details.

Santa Clara

Rise of AI

Nvidia to invest up to $100 billion in OpenAI

For the first time in more than half a century, astronauts will soon be heading back to the moon. CBC's Nicole Mortillaro breaks down the preparations for the mission, Artemis II, which will send astronauts on a historic loop around the moon.

Houston

NASA prepares to send astronauts around the moon

U.S. President Donald Trump addressed the United Nations General Assembly in New York City, where he pushed back on countries that have formally recognized a Palestinian state. Trump also touted U.S. immigration policy.

Trump delivers address at U.N. General Assembly

Southern China and Hong Kong are bracing for Super Typhoon Ragasa as authorities evacuate hundreds of thousands of people. CBS News' Anna Coren has more details.

Hong Kong Island

Super Typhoon Ragasa targets Southern China, Hong Kong

Russian President Vladimir Putin offered to voluntarily maintain the limits on deployed strategic nuclear weapons set in the 2010 New START accord after it expires in February if the U.S. agreed to do the same.

Moscow

Putin offers Trump one-year extension to nuclear weapons treaty

President Trump announced Monday the FDA believes pregnant women should not take acetaminophen, the active ingredient in Tylenol, claiming there could be a link between the medication and autism, despite objections from medical experts.

Trump, FDA tell pregnant women not to take Tylenol

ABC announced Monday that "Jimmy Kimmel Live!" will return to the air Tuesday night (September 23). The network pulled the show last week following a remark from Kimmel about the death of Charlie Kirk.

Jimmy Kimmel returning to air

As leaders from around the globe come together at the United Nations General Assembly in New York this week, conflicts in Gaza and Ukraine continue to rage.

World leaders come together at UNGA as global tensions rise

Monday marks the second day of strike action after a similar walk-off was called on Sunday by the southern European country's largest trade union, the Italian Confederation of Labour (CGIL).

Rome

Middle East Conflict

Thousands strike across Italy in solidarity with Palestinians in Gaza

The Trump administration is adding $100,000 to the existing fee for H-1B visa applications, taking aim at a program that is used to attract highly skilled workers to the U.S.

Trump administration to add $100,000 fee for H-1B visas

President Donald Trump urged Attorney General Pam Bondi in a social media post to move forward with cases against several people connected to the U.S. government. CBS News justice correspondent Scott MacFarlane has more.

Trump urges Pam Bondi to go after his political foes

Russia is denying that its planes entered Estonian airspace on Saturday, according to Kremlin spokesman Dmitry Peskov, but Estonia's foreign minister is saying the government has "irrefutable evidence" of the incursion.

Ukraine Invasion

Russia denies violating Estonian airspace

U.S. President Donald Trump was the final speaker at a politically charged memorial service for conservative activist and MAGA influencer Charlie Kirk that also included words of forgiveness from Kirk’s widow as well as remarks from the vice-president and one of Trump’s sons.

Glendale

Trump closes out Charlie Kirk memorial

Media mogul Lachlan Murdoch and business leaders Larry Ellison and Michael Dell would be involved as U.S. investors in a proposed deal to keep TikTok operating in the United States, according to President Donald Trump speaking to Fox News channel.

Trump says Murdochs would be involved in TikTok deal

Portugal, the UK, Australia and Canada joined over 150 countries that now recognise a Palestinian state. The announcements come ahead of the United Nations General Assembly in the week ahead.

Lisbon

Portugal formally recognises Palestinian state

Police say a 23-year-old was arrested and charged Sunday night with second-degree murder after one person was killed and several others were injured in a shooting at a New Hampshire country club. Witnesses say the shooter said “free Palestine” and before opening fire.

Nashua

Suspect yelled 'free Palestine' before country club shooting

President Trump is demanding that the Justice Department go after his political rivals following a shakeup in the U.S. Attorney's Office in Eastern Virginia. Willie James Inman reports.

Trump pressuring Justice Department to pursue his political foes

President Trump, Vice President JD Vance and several others remembered Charlie Kirk at a memorial service in Arizona that was attended by thousands.

Phoenix

Trump, others remember Charlie Kirk at memorial service

The United Kingdom, Canada and Australia officially recognized Palestine as a state Sunday, a move that has long been opposed by the U.S. and Israel. More countries are expected to do the same this week as world leaders gather in New York for the U.N. General Assembly.

Tel Aviv-Yafo

Israel continuing assault on Gaza after countries recognize Palestinian statehood

A group of US Republicans has sent a letter to France, Canada, the UK and Australia, urging them to re-consider their decision to recognise a Palestinian state.  It's warning there may be consequences if the countries move ahead with plan at the upcoming UN General Assembly.

US Republicans warn allies over decision to recognise Palestinian state

Britain, Canada and Australia all recognized a Palestinian state on Sunday (September 21) in a move borne out of frustration over the Gaza war and intended to promote a two-state solution, but which is also bound to anger Israel and its main ally, the U.S.

Britain, Canada and Australia all recognize Palestinian state

The President of the Palestinian Authority, Mahmoud Abbas, will address the UN on Monday, after the General Assembly voted to allow him to join remotely. The U.S. has refused to issue him a visa to attend in person.

UN approves video address by Palestine’s Abbas after U.S. visa refusal

Sixty nations have agreed to a new treaty aimed at protecting marine biodiversity in international waters. But the strength of the deal governing the high seas is uncertain as some of the world’s biggest players - including China, the U.S., Russia and Japan - have yet to ratify.

Breakdown