For example, pending home sales rose 1.7% in November from the precious month to the highest level in two and a half years, the Associated Press reported.
Also last week, the Census Bureau said new home sales climbed 4.4% in November to the strongest pace in over two years, according to CNNMoney.
Finally, the Standard & Poor’s/Case-Shiller 20-city index showed that prices rose by 4.3% from a year ago in October. According to the data, home prices are on track to record their first annual gain since 2006, The Wall Street Journal reported.
SPDR S&P Homebuilders ETF
