market trends July 27, 2009

New Home Sales on the rise!

G ood news for home builders, and ultimately the economy. Sales of new homes showed strong increases in June, inventory of new homes has dropped below “normal” levels, and builder confidnece is up. All of these point to more new home starts in our future which of course means jobs in the construction industry and supplies being purchased from suppliers who must be hurting durning this downturn. Good news all around! Read the article here.