U.S. Home Sales Fall

U.S. sales of new single‐family homes in October were at a seasonally adjusted annual rate of 544,000, down 8.9% below the revised September rate and down 12% from the comparable month in 2017.  The seasonally‐adjusted estimate of new homes for sale at the end of October was 336,000, representing a 7.4-month supply at the current sales rate.  See U.S. Census Bureau