New-home Sales Edge Higher

Dec 7, 2011 by

New-home sales edged slightly higher last month, as more Americans hunted for bargains in the struggling housing market.

The Census Bureau reported an annual sales rate of 307,000 new homes last month, up 1.3% from a downwardly revised rate of 303,000 homes in September. Compared to new home sales a year ago, October sales were up 8.9%.  Read more

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