The US Commerce Dept. Reported today November single-family home sales rose 4.4% to a seasonally adjusted 377,000 unit annual rate. A performance not seen since April 2010. A further testament to the strength in the housing market, the median Home Sale price jumped nearly 15% year to year for November.
New home building and the pace of new home sales is that of the height of the market for sales actually back in 2005.
T&C has blogged our opinion that the US Housing Markets will be the one shining beacon leading the recovery.
Are you in?