While Santa Clarita and San Fernando Valleys showed increase in home sales in October, national data released by the U.S. Department of Commerce show sales of new single-family homes declined 5.3 percent in October to a seasonally adjusted annual rate of 433,000 units.
Regionally, new home sales declined 18 percent in the West and 6 percent in the South in October. Sales in the Northeast increased by 22.6 percent from an unusually low rate the previous month, and sales in the Midwest increased by 6 percent.
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