New-Home Sales Show ‘Resilience’
Selling a HomeNew-home sales rose 1.5 percent in March, and economists predict more increases ahead as housing likely remains a consistent driver of economic growth this year, The Associated Press reports. “With increasing signs of a softer U.S. economy springing up in the spring, we can take comfort in the resilience of the housing recovery,” Jennifer Lee, senior economist at BMO Capital Markets, told The Associated Press. Record low mortgage rates and steady job creation are attributed to helping lifting home sales. The Commerce Department reported Tuesday that sales of new homes […]
