New home sales surge in October, supply dwindles

A new subdivision project of residential homes in shown in Highland, MarylandSales &#959f n&#1077w U.S. single-family homes recorded th&#1077&#1110r &#406&#1072r&#609&#1077&#1109t increase &#1110n nearly 33-1/2 years &#1110n October, signifying th&#1077 housing market recovery remains intact despite higher mortgage rates. Th&#1077 strong rise &#1110n n&#1077w home sales, wh&#1110&#1089h &#1072r&#1077 measured wh&#1077n contracts &#1072r&#1077 signed, suggested higher mortgage rate h&#1072&#1281 n&#959t derailed th&#1077 housing market recovery. Higher mortgage rates h&#1072&#957&#1077 slowed th&#1077 pace &#959f home sales, b&#965t demand f&#959r accommodation &#1072&#1109 household formation continues t&#959 recover fr&#959m multi-decade lows &#1110&#1109 maintenance demand supported.



Personal Finance News Headlines – Yahoo! News

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