Commerce Department report shows that new home sales rose more than expected in November.

A report issued by the Commerce Department shows that nationwide new home sales rose more than expected in November, indicating that the housing slowdown may be ending.

The median prices of homes also rose as inventories of homes for sales declined.

Shares of many major homebuilders gained momentum as investors jumped back into the housing market.

You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.