Existing home sales unexpectedly pop higher in December
Existing home sales for December came in at an annualized 5.28 million. That was a big pick up from the 4.7 million annualized rate in November.
Existing home sales for December came in at an annualized 5.28 million. That was a big pick up from the 4.7 million annualized rate in November.
New home starts came in solidly above expectations this morning. Building permits climbed from their record low.
That should add to the stock market’s optimism. But you need to keep this news in context: housing starts climbed just 2.2% from August in 2009.