Cathie Wood Worries ARKK Clients May Miss Out by Selling Dip
U.S. new home sales rise in October, September revised down
Sales of new U.S. single-family homes rose in October, but the sales pace for the prior month was revised sharply down as higher prices remain a hurdle for some first-time buyers. New home sales increased 0.4% to a seasonally adjusted annual rate of 745,000 units last month, the Commerce Department said on Wednesday. September’s sales pace was revised down to 742,000 units from the previously reported 800,000 units.