New home sales rise 4 percent

(CNN) - New home sales jumped in November to the highest level in more than two years.

The U.S. government is reporting an increase last month rose 4.4-percent compared to October.

It's the strongest pace of new home sales since April of 2010

The increase is due to a combination of near record low mortgage rates, lower unemployment numbers and a drop in foreclosures.

That in turn has lifted home prices.

The housing market is now showing numerous signs of recovery, including better existing home sales and home construction rates.

Copyright 2012 CNN. All rights reserved.