US Housing Has A Secure Foundation
ByThere are several questions surrounding the US housing industry. For example the pace of housing starts, new and pending home sales, all deserve serious consideration.
In this short essay I attempt to map out my take on this critical activity for the level of aggregate demand.
Based on data from the US Census Bureau sales of previously owned homes in the US rose by a little more than 5% in May, and the new home sales increased in May to a more than seven year high. What does this really mean?
The economic record shows that sales of previously owned houses in the US surged 5.1% to an annual rate of 5.35 Million units in May from an upwardly revised 5.09 Million in April. This was the highest since November of 2009…
US Housing Has A Secure Foundation
