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Exact(28)
That was better than the 15.7 million rate recorded in May but below the 17.4 million rate in April.
New home sales rose 3.4percentto to a 1.15 million rate, the Commerce Department said.
Building permits for single-family homes rose to a 1.48 million rate, the highest since record-keeping began in 1959.
November's strong sales follow a 21.3 million rate in October, the biggest sales month in the industry's history.
They were expected to rise to a 6 million-unit annual pace from May's originally reported 5.92 million rate.
In fact, the magazine did not make its 3.5 million rate base in any of the six issues in the first half of 2002.
Similar(30)
Three rate cuts does it for sure.
Six rate increases later, the figure is 1.7 million.
The Fed in December had predicted four rate increases this year.
The move follows two rate reductions in recent months.
The Caymans have a zero rate of corporation tax.
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