Seasonally Adjusted Annual Rate

seasonally adjusted annual rate: The Commerce Department said on Tuesday sales fell 2.1 per cent to a seasonally adjusted annual rate of 464,000 units. Despite the fall from Octobers revised 474,000 pace, which was the highest level since July 2008, home sales retained the bulk of the previous months revised 17.6 per cent increase. More Related to this Story, according to Globe and Mail. U.S. existing home sales fall to lowest level in nearly a year Sales of new U.S. single-family homes fell modestly in November from a five-year high and prices pushed higher, indicating the housing market is weathering higher mortgage rates. Ottawa names former investment banker as new CMHC chief executive (www.immigrantscanada.com). As reported in the news.