Market Update: New Home Sales Rise 2.3% in April

This morning’s new home sales report showed a 2.3% rise in sales. Quicken Loans Chief Economist Bob Walters offers the following comments on the report:

“It’s official: housing is back on solid footing.  The sales of newly constructed homes continued their upward trend in April, rising 2.3% over the March numbers.  Today’s new home sales number bookends yesterday’s strong existing home sales report and provides ample evidence that Americans are becoming bullish on housing.”

 

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