The annual rate of US new home sales fell unexpectedly in September, raising doubts about the strength of the housing sector's recovery.
The Commerce Department said sales fell by 3.6% to a seasonally adjusted annual rate of 402,000 homes, down from a revised 417,000 in August.
This marks the first fall in the rate of home sales since March.
The median sales price of $204,000 (£124,000) was down by 9.1% from $225,200 a year earlier.
Tax credits
Some analysts argue that the housing sector has been supported by the $8,000 tax credit for first-time buyers introduced by the government to boost demand for houses.
They argue that the latest figures simply reflect the fact that the credit is due to run out on 30 November.
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