Business news for Thu, 29 Nov 2007 & with words housing+level+price. 3 news.

Sales of new single-family U.S. homes rose 1.7 percent in October from a September level that was revised down sharply while the median sales price plunged, according to a government report Thursday that showed ongoing weakness in the ailing housing sector.

WASHINGTON (Reuters) - Sales of new single-family U.S. homes rose 1.7 percent in October from a September level that was revised down sharply while the median sales price plunged, according to a government report Thursday that showed ongoing weakness in the ailing housing sector.

Reuters - Sales of new single-family U.S. homes rose 1.7 percent in October from a September level that was revised down sharply while the median sales price plunged, according to a government report Thursday that showed ongoing weakness in the ailing housing sector.