New-home sales have been edging up since 2012, and the builder’s trade group predicts that sales will to continue to rise for the rest of the year and into 2016.
“Strong job gains are bolstering housing demand,” notes economists at the National Association of Home Builders’ Eye on Housing blog. “Rising builder confidence, housing starts, and low interest rates all point to continuing recovery in the housing sector, even as industry headwinds, including access to lots and labor, will produce bumps along the road.”