By 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.
