Wall Street sees hope in home sales

Screen Shot 2015-08-20 at 7.12.21 AMBy Adam Shell | USA TODAY

Housing, one of the bright spots on Wall Street in 2015, will get another chance to build on its recent momentum when data on existing home sales for July are released today.

Housing data have come in strong recently, giving housing-related stocks a lift and shining a positive light on a key part of the U.S. economy. July housing starts rose 0.2% to a better-than-expected annualized pace of 1.206 million units — the best reading since October 2007. A similarly strong reading on a housing index that measures homebuilders’ sentiment also pointed to strong momentum in the housing market. Indeed, the National Association of Home Builders said sentiment is at its highest level since November 2005.

Continued:

Share this!

Additional Articles

Top master-planned communities for 2024

By AZ Big Media Here are the Top 10 master-planned communities in Arizona, based on public voting for the 2024 edition of Ranking Arizona, the state’s biggest and most comprehensive business opinion poll. Ranking Arizona

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

August 2015
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31