U.S. new home sales hit highest level in a decade

​​​​​​WASHINGTON, D.C.​ ​– ​​​​​U.S. new home sales jumped last month to their highest level since October 2007. 

The Commerce Department says new home sales leapt 18.9 percent in September to a seasonally adjusted annual rate of 667,000. Sales rose in all regions, including the South, where they increased nearly 26 percent.​​

This signals that Americans, unable to find existing homes, are turning to new construction.​

The government couldn’t estimate what impact, if any, last month’s hurricanes had on the data.​​​​​​