US home sales remain near fastest pace since 2023

By Michael Sasso | Bloomberg

Sales of new homes in the US were little changed in October but remain near the strongest pace since 2023 as builders lured anxious customers with price cuts and incentives.

New single-family home sales eased 0.1% to an annual rate of 737,000 following a 3.8% September increase, according to government data released Tuesday. The report, which included the first estimate of September sales, was delayed by the record-long federal shutdown.

Also see...