Relevant:
- Purchases of New Houses in U.S. Decrease for Second Month
- Sales of New U.S. Homes Decline to End First Year of Rebound
- Sales of New Homes in U.S. Climb 1.5% to 417,000 Rate
- Sales of New U.S. Homes Decreased in May for First Time in Three Months
- New Home Sales Unexpectedly Plunge to Record Low; Fannie Mae, Freddie Mac Post Losses
2012-11-28 — bloomberg.com
Purchases of new U.S. homes unexpectedly declined in October, showing limited progress in the housing market recovery.
Sales dropped 0.3 percent to a 368,000 annual pace following a revised 369,000 rate in September that was weaker than initially reported, figures from the Commerce Department showed today in Washington. The median estimate of 74 economists surveyed by Bloomberg called for a 390,000 sales pace.
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