This morning the economic report on New Home Sales has been released. As we had anticipated this number rose to 384K in June, from a seasonally adjusted of 346K in May. The consensus estimates were at 352K. Sales have now risen for three straight months. All this being said the median sales price for new homes...
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New Housing Starts
New Housing Starts and Permits moved forward in May from the lows set in prior months. Housing starts increased 17.2% to an annual rate of 523,000 units according to the Commerce Department. Additionally, New Building Permits rose 4% the largest gain since June of last year. These are encouraging numbers, inparticular if we can continue...