http://finance.yahoo.com/news/home-sales-climb-highest-rate-150507340.html
New single-family home sales accelerated in November to the fastest pace in 2 1/2 years and median sales price jumped from the same month in 2011, signs that the U.S. housing recovery is gaining some steam.
The Commerce Department said on Thursday sales climbed 4.4% last month to a seasonally adjusted 377,000-unit annual rate.
The annual sales pace for November was the quickest since April 2010.
The median home price of a new home rose to $246,200, up 14.9% from the same month in 2011.
The pace of new home sales is roughly a quarter of the all-time high clocked in July 2005 when a housing bubble was still inflating. Shortly thereafter, the bubble began to deflate, helping trigger the 2007-09 recession, which was the deepest downturn since the Great Depression.
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