Dive summary:
- Figures from the Census Bureau and the Department of Housing and Urban Development show that April saw a 2.3% increase nationally from an upwardly revised March rate, even though prices are beginning to float upward.
- Like so many economic figures, however, the national number results from a split between the South and West being up (3% and 10.8%, respectively) and the Midwest and Northeast being down (4.8% and 16.7%, respectively).
- Rick Judson, National Association of Home Builders president, said it could be that the beginning of price increases due to high construction costs is promoting a buy-now attitude that is bringing buyers off the sidelines.
From the article:
“We’re now about halfway back to what could be considered a full recovery, and we do expect to see continual, solid gains in both starts and sales of new homes going forward.” ...
