Thursday, May 16, 2013

One (Almost) Red Hot Economy

Following on the heels of yesterday's announcement regarding the rise in median home sales prices, comes more positive news for the economy.  The Times reports that the index used by the National Association of Home Builders to measure developer confidence climbed three percentage points this last month.  This rise is due to an increase in new home purchases, which the paper attributes to a short supply of resale inventory.

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