New Home Sales Continue Near Record

Driven by attractive mortgage rates and strong house-price performance, sales of new single-family homes continued at a near-record seasonally adjusted annual rate of 1.145 million units in September, the Commerce Department reported. This is virtually unchanged from August’s heady pace of 1.147 million units, and concludes the best quarter on record for new-home sales.

“Housing continues to provide major muscle to the national economy as we head toward the end of the year,” said Kent

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