The Commerce Department released a report on Tuesday showing new home sales in the U.S. edged slightly lower in the month of October.
The report said new home sales slipped by 0.1 percent to an annual rate of 737,000 in October after surging by 3.8 percent to an annual rate of 738,000 in September. Economists had expected new home sales to come in at an annual rate of 710,000.
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