By Dees Stribling MHN Online
While the stock market went on its merry way on Tuesday (up and then down), a fair amount of housing data also came out, mostly positive metrics. For instance, according to the Census Bureau and HUD, sales of new single-family houses in July 2015 were at an annualized rate of 507,000 units. That’s an improvement compared with the month before, up 5.4 percent, but more importantly, the gain since July 2014 is 25.8 percent. The report also marks the seventh month in a row of substantial annual gains, so the momentum in housing might finally be there for a more sustained recovery.
