New Homes Sales Rise

Some good news for the housing market is sales of new homes are suddenly on the rise. It’s been a tough couple of years for builders, last year saw only 323,000 new homes sold in America. That is the lowest figure in almost half a century.

Although rising from a 50 year low should not be very difficult posting a 7% gain is a significant move. The incentive to buy a new home is lower than ever because of the price disparity between new homes and previously occupied ones. But the rise does signal some green shoots and some consumer optimism.

You can real more at Business Week, Yahoo! Finance or WSJ.com

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