Subscribe Register Login

Monday, April 21, 2014, 12:02 a.m.
Top Picks - Arkansas Daily Deal

U.S. new-home sales dip 0.3% in October

By The Associated Press

This article was published November 28, 2012 at 9:22 a.m.

— U.S. sales of new homes fell slightly in October, and the September sales pace was slower than initially thought.

The Commerce Department said Wednesday that new-home sales dipped 0.3 percent in October to a seasonally adjusted annual rate of 368,000.

That’s down marginally from the 369,000 pace in September, which was revised lower from an initially reported 389,000.

Sales are still 20.4 percent higher than the same month last year.

Still, new-home sales are well below the annual rate of 700,000 that economists consider healthy.

Sales fell a sharp 32.3 percent in the Northeast, but the government said Hurricane Sandy had only a minimal effect on the housing data because it hit at the end of the month.

Comments on: U.S. new-home sales dip 0.3% in October

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Job

    career opportunity i am looking for a particular type person...
    Little Rock, AR

  • Nurse practitioner

    RN for busy Cardiology clinic Email resume to rbrister@arcar...
    LITTLE ROCK, AR

  • Sales

    Life-Changing Income Potential· Realistic year-one income p...
    LITTLE ROCK, AR

  • Plumber local company looking for a

    plumberlocal company looking for a journeyman or 4th year ap...
    LITTLE ROCK, AR

  • Legal assistant

    legal assistantfor law firm in Springdale. Do you like a fas...
    SPRINGDALE, AR

Search 1040 jobs >

Top Picks - Arkansas Daily Deal
Arkansas Online