Market lower on weak new home sales The markets are trading in the red today, being pulled down by investor concern over the most recent data regarding the housing market. According to the Commerce Department this morning, September sales of new homes dropped by 3.6%. September's annual rate was 402,000 units, which was below the expected 440,000 annual units. The average price for a new home was also lower, falling 9.1 percent on a year-over-year basis to $204,800. On ...