• SENSEX
    NIFTY 50
Economy

US new home sales near two-year low as mortgages rates rise

Updated : October 25, 2018 11:49 AM IST

The Commerce Department said on Wednesday new home sales dropped 5.5 percent to a seasonally adjusted annual rate of 553,000 units last month.
New home sales are drawn from permits and tend to be volatile on a month-to-month basis. They declined 13.2 percent from a year ago.
US new home sales near two-year low as mortgages rates rise
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV