Pursuits
Sales of New Homes in U.S. Were Weaker Than Forecast in November
Is the U.S. Housing Market Recovery Still on Track?
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New homes in the U.S. sold at a slower pace than projected in November, a sign momentum in housing is cooling as the year draws to a close.
Sales rose 4.3 percent to a 490,000 annualized pace following a 470,000 rate in October, Commerce Department figures showed Wednesday in Washington. The median estimate of economists surveyed by Bloomberg called for a 505,000 pace, and purchases in the prior three months were revised lower.