The presence of a tax credit for first-time buyers and slightly more confidence in the economy fueled a 6.2% in new home sales last month-5.1% above October 2008-the Departments of Commerce and Housing and Urban Development reported today.

October's sales were at a seasonally adjusted annual rate of 430,000, compared with 405,000 in September and 409,000 in October 2008.

It was the second consecutive piece of positive housing data. On Monday, the National Association of Realtors reported that existing home sales increased 10.1% in October.

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