Bloomberg photo by Luke Sharrett.Sales of new U.S. homes fell in September, resuming a downtrend as decades-high mortgage rates push would-be buyers out of the market.Purchases of new single-family homes decreased 10.9% to a 603,000 annualized pace following an unexpected gain in August, government data showed Wednesday.
#applications #construction #highest-level #interest-rates #affordability #mortgage-rates #census-bureau
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