HOMZ - Shift From Condos To Houses And From Big Cities To Suburbs? New House Sales Rose 6.9% From June Last Year To Highest Level Since July 2007
The evidence keeps piling up.
Sales of new single-family houses (based on signed contracts) rose 6.9% in June compared to June last year to a seasonally adjusted annual rate of sales of 776,000 houses, according to the Commerce Department this morning. It was a hair above January's 774,000, having recovered all of the plunge during February, March, and April - thereby making it the highest rate of sales since July 2007:
It may be another tidbit in the larger saga of potential shifts in the housing market that were either triggered by or accelerated during