New single-family home sales in the U.S. were at a seasonally adjusted rate of 592,000 in November, marking a 16.5% increase from the year-ago estimate of 508,000, the U.S. Census Bureau and the Department of Housing and Urban Development reported.
November's rate was up 5.2% from the revised October rate of 563,000.
The median sales price of new houses sold during the month was $305,400, and the average sales price was $359,900. The seasonally adjusted estimate of new houses for sale at the end of the month was 250,000, reflecting a 5.1-month supply at the current sales rate.
The West saw a 7.7% month-over-month increase in new home sales and a 10.8% rise over year-ago levels.
New home sales remained unchanged month over month in the Northeast, and were 22.2% higher than in November 2015.
The Midwest recorded a 43.8% surge from October, while year-over-year new home sales grew 39.4% in November.
In the South, new home sales fell 3.1% month on month in November, but rose 13.4% year over year.