NEW YORK, Dec. 23 (Xinhua) -- New-home sales in the United States rebounded last month as builders and consumers sealed deals that had been delayed by storms in the South, and buyers took advantage of heavy sales incentives.
Sales of new single-family homes increased to a seasonally adjusted annual rate of 664,000, up 5.9 percent over October, according to government data issued on Monday. That was in line with the median estimate of economists surveyed by Bloomberg News, who expected 669,000.
Builders last month played catchup especially in the South, the nation's biggest homebuilding region, where hurricanes in the fall sank October sales. In November, sales in the South recovered nearly 14 percent. Meantime, they increased in the Midwest to the fastest pace since 2021. Sales in the Northeast and West declined.
Potential buyers also had more to choose from. Last month, the supply of new homes for sale increased to the highest since the end of 2007, according to the data.
