U.S. New-Home Sales Tumble in September

``Purchases of new single-family homes fell to a seasonally adjusted rate of 468,000 in September, the Commerce Department said Monday, down 11.5% from August's downwardly revised rate of 529,000... Purchases of new homes fell in every region of the country in September, but the drop was most precipitous in the Northeast. The rate of home sales in the Northeast region fell by 61.8% in September from August, and is down 56.7% from September a year ago. The South and West regions are still up from September 2014, despite a downward tick last month.''