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Wed Nov 28, 2012, 10:38 AM


New Home Sales Edge Down, Prior Estimate Revised Lower

WASHINGTON | Wed Nov 28, 2012 10:11am EST
(Reuters) - New single-family home sales fell slightly in October and the government revised sharply lower its estimate for the prior month's sales, casting a small shadow over what has been one of the brighter spots in the U.S. economy.

The Commerce Department said on Wednesday sales dropped 0.3 percent last month to a seasonally adjusted 368,000-unit annual rate.

Government data for new home sales are subject to substantial revisions. Indeed, the Commerce Department cut its estimate for sales in September by 20,000 to a 369,000-unit rate.

The data leaves the pace of new home sales just below the pace reported in May, suggesting little upward momentum in the market for new homes.



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Reply New Home Sales Edge Down, Prior Estimate Revised Lower (Original post)
Purveyor Nov 2012 OP
elleng Nov 2012 #1

Response to Purveyor (Original post)

Wed Nov 28, 2012, 01:18 PM

1. Maybe because prices up?

Which comes first???

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