By Jonathan Smoke | Real Estate News
As the summer winds down, typically, so does house-hunting activity. But the first readings from August, which came in this week, point to continued growth in housing demand as the year progresses.
On the manufacturing front, Markit’s U.S. manufacturing index grew in August to 57.9 based on strength in new orders in exports and in higher levels of production and employment. In a similar vein, the closely watched ISM manufacturing composite index increased to 59.0 from 57.1 in July. These two readings show that the manufacturing sector is indeed recovering, and that should bring employment and wage gains down the road.
