Summary Box: Sales of new homes up in October (AP)

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.

Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http%3A//news.yahoo.com/s/ap/20111128/ap_on_bi_ge/us_new_home_sales_summary_box

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