U.S. Commerce Department: New home sales down for Northeast in October

Sales of new single-family homes in the Northeast in October fell 9.1 percent to 30,000, according to the U.S. Commerce Department. September’s revised annual rate was 33,000.Nationally, new home sales were at a seasonally adjusted annual rate of 563,000, 1.9 percent below the revised September rate of 574,000. To read the entire U.S. Commerce Department press release, click here.