Note the Red columns for 2010. In October 2010, 23 thousand new homes were sold (NSA). This is a new record low for October.
The previous record low for the month of October was 29 thousand in 1981; the record high was 105 thousand in October 2005.
The 283 thousand annual sales rate for October is just above the all time record low in August (275 thousand). This was the weakest October on record and well below the consensus forecast of 314 thousand.
This was another very weak report.
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