Here Comes New Home Sales...

At 10:00 a.m. ET, we'll get the October new home sales report.

Economists estimate the pace of sales climbed 0.8% to annualized rate of 471,000.

"New home sales exceeded 460k in August and September after subpar performance for most of the year," Nomura economists said. "The increase in building permits in October provide support for sales, but the decline in mortgage applications for purchases and less optimistic homebuilder sentiment in October put some downside risk on sales."

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