NEW YORK (CNNMoney) -- The modest housing market winning streak continued as the Census Bureau reported Friday that sales of new homes rose again in November to an annualized rate of 315,000.
That was up 1.6% compared with the revised October rate of 310,000 and 9.8% higher than November 2010.
The good news followed other recent positive industry reports. November sales of existing homes rose 12% year-over-year; homebuilding spiked nearly 21% compared with 12 months ago; and mortgage rates hit record lows this week.
New home sales edge up 1.8% - Dec. 23, 2011
That was up 1.6% compared with the revised October rate of 310,000 and 9.8% higher than November 2010.
The good news followed other recent positive industry reports. November sales of existing homes rose 12% year-over-year; homebuilding spiked nearly 21% compared with 12 months ago; and mortgage rates hit record lows this week.
New home sales edge up 1.8% - Dec. 23, 2011