Year High

New single-family home sales significantly increased last month to the highest level in over six years. The housing market continues its impressive rebound. New home sales increased 18.0% to a seasonally adjusted rate of 504,000 units. The chief economist at Mesirow Financial, Diane Swonk said, “this is welcome news in an otherwise mixed outlook.  We are still a long way from the housing market recovering from the bust.” More here

Leave a Reply

Your email address will not be published. Required fields are marked *