New Home Sales Near New Low

The pace of new home sales fell to a near-record low in October, the Census Bureau just reported.

Is said just 283,000 units (that's an annualized rate) were sold, down 8.1% from September. The all-time low since Census started keeping such records in 1963: The 275,000 rate in August.

Earlier, we passed along word on the day's other economic data. Copyright 2011 National Public Radio. To see more, visit http://www.npr.org/.