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U.S. new single-family house sales, prices plunge in October

Posted on 25 November 2010

From Xinhua: Sales of new single-family houses in the United States plummeted more than 8 percent in October, indicating U.S. home buyers’ caution about the property market and the economic outlook, a Wednesday U.S. Commerce Department report revealed.
Sales of new single-family houses last month were at a seasonally adjusted annual rate of 283,000 units, 8.1 percent below the revised 308,000 units in September, and were 28.5 percent below the October 2009 estimate of 396,000 units, said the department……………………………………….Full Article: Source


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