Tuesday, June 26, 2012

Huffington Post: Americans Buying Homes at the Fastest Pace in 2 Years

Americans bought new homes in May at the fastest pace in more than two years. The increase suggests a modest recovery in the housing market is continuing, despite weaker job growth.

The Commerce Department said Monday that sales of new homes increased 7.6 percent in May from April to a seasonally adjusted annual rate of 369,000 homes. That's the best pace since April 2010, the last month that buyers could qualify for a federal home-buying tax credit.

Even with the gains, the annual sales pace is less than half the 700,000 that economists consider to be healthy.

1 comment:

  1. This is a good news. Housing market has to get up because everyone is affected and selling their homes.