Well, more data has come in for housing, and it continues to show a positive path. Existing home sales jumped 7.8%, which means inventory is moving, and new home starts were up 2.3% to 750,000. Since long term household formations occur at a rate of 1 to 1.5 million on average, we are still below long term historical averages. But we are moving up nicely off the lows. As this area of the economy recovers, it continues to drive good news in the business world. That and new Iphones………
Do you think a housing recovery is real???
