Record High Median Prices amid Tepid New Home Sales

Sales of newly constructed single family
homes rose slightly in October compared to September and were also improved
from sales a year earlier.  The U.S.
Census Bureau and the Department of Housing and Urban Development said today that
sales in October were at a seasonally adjusted annual rate of 458,000 units, up
0.7 percent
from September sales. 
September new home sales were originally reported at 467,000 units were
adjusted down in this report to 455,000. 
October sales were 1.8 percent above the October 2013 estimate of
450,000 units.


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