With revised data showing U.S. new home sales spiked in September compared to the previously reported decrease, the Commerce Department released a report on Tuesday showing new home sales pulled back in the month of October.
The Commerce Department said new home sales fell by 0.7 percent to an annual rate of 733,000 in October after surging up by 4.5 percent to an upwardly revised rate of 738,000 in September.
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