Housing Still Awaits Its Happy Ending
For more: http://on.wsj.com/dMyuv8
October new-home sales sank 8.1% to a seasonally adjusted annual pace of only 283,000, just off record lows, while existing-home sales slid 2.2% in October to a 4.43 million annual rate. On Tuesday, S&P/Case-Shiller home-price index data through September is expected to show a 0.5% month-on-month fall, while pending home sales figures Thursday are also expected to remain weak.