October Home Sales Rise Slightly

U.S. sales of new single-family homes in October were at a seasonally adjusted annual rate of 745,000, up 0.4% from September but down 23.1% from the comparable month last year.

The seasonally adjusted estimate of new homes for sale at the end of October was 389,000, representing a 6.3-month supply at the current sales rate. See U.S. Census Bureau

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