Sales of New US Homes Hold Close to Fastest Pace Since 2023 (2)

Sales of new homes in the US were little changed in October near the strongest pace since 2023 as builders lured anxious customers with price cuts and incentives.

New single-family home sales eased 0.1% to an annual rate of 737,000 following a 3.8% September increase, according to government data released Tuesday. The report, which included the first estimate of September sales, was delayed by the record-long federal shutdown.

The median projection of economists surveyed by Bloomberg was for a 715,000 annualized pace of contract signings in October.

The steady pace of sales helped builders make only a slight dent in ...