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New Home Sales Near New Low

The pace of new home sales fell to a near-record low in October, the Census Bureau just reported.

Is said just 283,000 units (that's an annualized rate) were sold, down 8.1% from September. The all-time low since Census started keeping such records in 1963: The 275,000 rate in August.

Earlier, we passed along word on the day's other economic data.

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Mark Memmott is NPR's supervising senior editor for Standards & Practices. In that role, he's a resource for NPR's journalists – helping them raise the right questions as they do their work and uphold the organization's standards.