Home sales dip in October

Published Nov 29, 2012 at 04:00AM / Updated Nov 19, 2013 at 12:31AM

U.S. sales of new homes fell slightly in October and the September sales pace was slower than initially thought. The Commerce Department says home sales dipped 0.3 percent in October to a seasonally adjusted annual rate of 368,000. That’s down marginally from the 369,000 pace in September, which was revised lower from an initial 389,000.

— Staff and wire reports