This file photo taken on April 25, 2017 shows a property for sale in Monterey Park, California. (AFP / Frederic J. Brown)
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US sales of new single-family homes quickened for the second straight month in October, rising to the highest level since the housing bubble, according to data released Monday.Sales in September, which originally were reported as a 10-year record, were revised down.Yet sales in the South, which suffered back-to-back hurricanes at the end of the summer, rose to 383,000 units -- the highest level since October 2007 -- even though it was an increase of just 1.3 percent from the prior month.Sales soared in the Northeast, jumping 30.2 percent, also a 10-year record, while sales in the Midwest surged 17.9 percent.The brisk sales pace drew down the supply of available new homes to 4.9 months, a 5.8 percent decline, but in raw numbers the pool of houses for sale changed little at 282,000, the highest since May 2009 .
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