US new-home sales creep higher in September


US new-home sales creep higher in September

New single-family houses sold at an annual rate of 467,000, up 0.2 percent from the revised August rate of 466,000, the Commerce Department said. "This volatile report on US housing shows how difficult it has been to push sales of new homes higher, particularly given the competition with the resale market," said Jennifer Lee, senior economist at BMO Capital Markets.

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