WASHINGTON — The pace of new single-family home sales surged 25.4% to a 444,000 seasonally adjusted annual rate in October from a 354,000 pace in September, the Commerce Department reported Wednesday.

The October sales rate was ahead the MNI survey median forecast of 430,000, but the September sales rate was well below the 418,000 pace forecasted for that month. In addition, the sales pace in August was revised down to 379,000 from the 421,000 rate previously reported.

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