New-home sales up 27 percent from a year ago

Northeast, West see greatest growth

Sales of new single-family homes were up 5.7 percent from August to September and 27.1 percent from a year ago, to a seasonally adjusted annual rate of 389,000 — the strongest pace of sales since April 2010, the Census Bureau reported today.

The picture varied widely by region, with new-home sales up 75 percent from a year ago in the Northeast, 62.1 percent in the West and 24.3 percent in the South, but falling 31.9 percent in the Midwest.