US new home sales increase at slower rate than expectations

FXStreet (London) - Sales of new single-family houses in October 2014 were at a seasonally adjusted annual rate of 458,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.7 percent above the revised September rate of 455,000 and is 1.8 percent above the October 2013 estimate of 450,000.
Despite the increases, gains fell below the levels markets expected.

The median sales price of new houses sold in October 2014 was USD305,000; the average sales price was USD401,100