Not Only Is the Pain Lessening, Housing Is Showing Improvement

 

Both new and existing home sales also have been up in each of the last three months and builders continue to make good progress in reducing their inventories of new homes.

Housing has clearly been one sector where the economic news has been a little happier. Single-family housing permits now have increased for the third consecutive month and starts have increased for four months in a row.

Meanwhile, the months?EUR??,,????'??? supply ?EUR??,,????'??+ answering the question, ?EUR??,,????'??How long would it take to sell the current inventory of homes based on this month?EUR??,,????'???s sales rate??EUR??,,????'?? ?EUR??,,????'??+ fell from 10.2 months in May to 8.8 months in June. ?EUR??,,????'??? Courtesy of NAHB