Sales of new single-family homes in the country increased to their highest level in 13 1/2 years in July as the housing market continues to show strong immunity to the Covid-19 pandemic which has plunged the economy into recession. The U. S. Commerce Department says new homes sales rose 13.9 percent to a seasonally adjusted …
Decline In Housing Starts Temporary: NAR
The decline in December housing starts announced recently is “disappointing but surely not lasting,” reports Lawrence Yun, chief economist for the National Association of Realtors (NAR). Yun noted that new home construction still ended 2017 as the best year since 2007 with 1.2 million units. Single-family housing starts in December were 836,000 units, nearly 12 …