New-Home Sales Up for Fifth Straight Year
CoreLogic
By Frank Nothaft
Low mortgage rates, job growth, and an improving consumer optimism have all supported the recovery in home sales during the last few years. Both sales of newly built as well as previously owned homes are up, with the growth stronger for new homes. Since the trough in new-home sales in 2011, sales had jumped more than 50 percent by 2016
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