America

New Home Sales Near New Low

The pace of new home sales fell to a near-record low in October, the Census Bureau just reported.

Is said just 283,000 units (that's an annualized rate) were sold, down 8.1% from September. The all-time low since Census started keeping such records in 1963: The 275,000 rate in August.

Earlier, we passed along word on the day's other economic data.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.