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| Home Sales Show Stronger Summer |
| The National Association of REALTORS® reports pending home sales rose in July to the highest level in more than two years and are remaining strong. |
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| Eye on the Economy: NAHB Surveys Point to Growing Optimism for Housing |
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A set of recent NAHB surveys suggest that the growth in housing will continue. This is a promising sign for home builders, remodelers and other stakeholders in the housing sector. It is also a hopeful indicator for the economy as a whole, which has underperformed in terms of growth and job creation during 2012. With respect to the single-family market, the NAHB Housing Market Index rose another three points to a level of 40 in September, the highest in more than six years and extending the number of consecutive months of increase to five. All three components also increased to levels last seen five or six years ago. ...
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