No they do not have to be in november...traditionally that is what it has become
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The main Presidential and Congressional elections are held in November. Primary elections and caucuses are held in prior months.
They arer held on the first Tuesday of November.
The public "votes for President" in November, but they are actually electing members to the electoral college in that election. The electoral college casts the votes for President (and Vice President) in December.
The earliest possible date is November 2 and the latest possible date is November 8
US presidential elections are held in November of years divisible by 4. The next one will be in 2012. (There are also primary elections held at different times in different states before the actual election, for the purpose of choosing nominees )