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WASHINGTON – June 30, 2014 – Pending home sales rose sharply in May, with lower mortgage rates and increased inventory accelerating the market, according to the National Association of Realtors®(NAR). All four regions of the country saw increases in pending sales, with the Northeast and West experiencing the largest gains. Continue reading
According to Fox News, there is a renewed confidence in the Home Building industry.
“Confidence among U.S. homebuilders rose for the first time this year as builders felt better about their prospects of selling new homes, an industry gauge showed on Monday.
The National Association of Home Builders/Wells Fargo index of homebuilder confidence rose four points to 49 in June, coming in just a point below the level that indicates favorable conditions.
June’s index came in above May’s 45 showing, which was the weakest since May 2013.
A reading below 50 means more builders view market conditions as poor than favorable. The June reading was the index’s fifth in a row to come in below 50…”