Sales of new U.S. single-family homes fell modestly in November from a five-year high and prices pushed higher, indicating the housing market is weathering higher mortgage rates.
The Commerce Department said on Tuesday sales fell 2.1 percent to a seasonally adjusted annual rate of 464,000 units.
Despite the fall from October's revised 474,000 pace, which was the highest level since July 2008, home sales retained the bulk of the previous month's revised 17.6 percent increase.
Sales had previously been reported to have increased 25.4 percent in October but to a 444,000 annual pace.
Economists had expected new home sales, which are measured when contracts are signed, to show a 445,000 unit pace in November. Compared with November last year, sales were up 16.6 percent.
(Read more: Which home will sell for $100 million in 2014?)