Sales of new single-family homes decreased 2.1% to a 464,000 seasonally adjusted annual rate in November, according to data released by the Commerce Department Tuesday.

The decline came after an upwardly revised 474,000 rate in October, originally reported as a 25.4% rise to 444,000. Thomson Reuters' poll of economists had predicted a 445,000 sales level for November.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.