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U.S. New Home Sales Unexpectedly Rebound Sharply In October

Por: RTTNews Business November 23, 2022

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After reporting a sharp pullback in U.S. new home sales in the previous month, the Commerce Department released a report on Wednesday showing new home sales unexpectedly rebounded in the month of October.The Commerce Department said new home sales spiked by 7.5 percent to an annual rate of 632,000 in October after plunging by 11.0 percent to a revised rate of 588,000 in September.The sharp increase came as a surprise to economists, who had... + full article



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