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Labor market improvement follows housing strength

from NAHB Now

Labor market improvement follows housing strength NAHB Now While risks persist, recent economic data have shown rapid improvement relative to dramatic declines in mid-spring. And housing data have led the way. Proving wrong predictions of substantial home price declines, Case-Shiller data indicate a 4.7% year-over-year price gain in April. These gains have been fueled by low interest rates and a renewed focus on the importance of “home” during the ongoing public health crisis. According to Freddie Mac, the average 30-year mortgage interest rate was just below 3.1% at the start of July. READ MORE

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