October, New Homes | featured news

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Sales of new homes up in October, but prices fall

Americans bought slightly more new homes in October, a hopeful sign for the troubled housing market. But the median sales price fell to its lowest level of the year, and the overall sales pace is trailing last year's - the worst in half a century.

 

Construction of new homes drops a surprising 10.6% in October

That's 30.7% down from the same month last year. Analysts had recently forecast a 1.7% rise in housing starts.

 

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