NEW YORK (CNNMoney.com) — Sales of newly constructed homes rose in September, according to the monthly report from the U.S. Census Bureau, inching up 2.7% from August to an annualized rate of 464,000.
By Les Christie, CNNMoney.com staff writerLast Updated: October 27, 2008: 2:10 PM ET
The reading was above the consensus forecast of 450,000, according to [...]

[Read more →]

WASHINGTON (Bloomberg) — Sales of new
houses in the U.S. were unexpectedly rising before credit markets froze
this month, having rebounded from a 17-year low thanks to a drop in
prices.

Purchases
increased 2.7 percent in September to an annual rate of 464,000 from
452,000 the prior month that was less than previously estimated, the
Commerce Department said Tuesday in Washington. [...]

[Read more →]