STAGNANT SALES: New-home sales rose slightly in October to a seasonally adjusted annual rate of 307,000, the Commerce Department said Monday. That's less than half the 700,000 that economists say must be sold to sustain a healthy housing market.
WORST YEAR EVER?: This year's pace is trailing last year's 323,000 homes sold, which were the fewest since the government began keeping records in 1963.
TROUBLING SIGNS: The median sales price fell to its lowest level of the year, and the number of new homes for sale in the United States fell to a record low.