New-home sales drop in October to much lower level than expected
November 27, 2023 at 10:24 AM EST
U.S. new-home sales fell 5.6% to a seasonally adjusted annual rate of 679,000 in October, from a revised 719,000 in the prior month, the government reported Monday. Analysts polled by the Wall Street Journal had forecast a seasonally adjusted annual rate of 725,000 in October.
