Sales of newly built, single-family homes in the United States decreased for the second consecutive month, signaling a potential slowdown in the housing market. October saw 630,000 homes sold, a 5.7% drop from September’s revised rate of 665,000. This decline follows a substantial revision downward for September’s figures. Year-over-year, new home sales are down 14.6%. The median sales price of new houses sold was $429,800, while the inventory level rose to 430,000, representing a 10.3-month supply at the current sales rate. This increased supply suggests builders are responding to softening demand. Regional results varied, with the South experiencing the largest decline in sales.