New-Homes Sales Rose in October, Boosted by Higher-Priced Homes

Sales of newly built homes rose in October from the prior month, led by sales of higher-priced homes, offering a little relief for a housing market that has been clobbered by the rapid doubling of mortgage rates

Housing analysts warn against making too much of the advance as mortgage rates remain high and builder confidence remains low

Housing is one of the most weighted categories when tracking inflation, but it’s also one of the most complicated to measure. WSJ’s David Harrison explains how the shelter index is calculated, and why it can muddy the inflation outlook for the Fed. Illustration: Laura KammermannSales of newly built homes rose in October from the prior month, led by sales of higher-priced homes, offering a

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