Markets & Economy

New-home sales skyrocket in October

Purchases up 21.6 percent from year ago
Published on Dec 4, 2013

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by CareyBot

Sales of new single-family homes skyrocketed in October, ending a three-month slump that began in July and providing evidence that elevated mortgage rates have not seriously hobbled the housing recovery. New-home sales leapedĀ 25.4 percent from September to October to a ...