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Message Subject >>>> MARKETS vs. TIMEWAVE ZERO
Poster Handle Wubbo Ockels
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Sales of New Homes in U.S. Fell 0.3% in October

Purchases of new U.S. homes unexpectedly declined in October, showing limited progress in the housing market recovery. Sales dropped 0.3 percent to a 368,000 annual pace following a revised 369,000 rate in September that was weaker than initially reported, figures from the Commerce Department showed today in Washington. The median estimate of 74 economists surveyed by Bloomberg called for a 390,000 sales pace. Purchases in the last six months have climbed 4.5 percent, showing uneven improvement as the residential real estate market remains restrained in part by limited access to credit. The figures help ...
FULL STORY: [link to www.bloomberg.com]


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