GREAT NEWS FOR HOUSING!!!
I have been saying this over and over again. GOLDILOCKS!!! We are in a strange economic time right now! Never in the history of our economy have we had such innovative and so many positive forces working to make our lives easier! We cannot rely on old data and easily quantify things or make forecasts like we used to. What am I talking about? A few months ago I wrote a blog about how amazing and efficient Amazon is! How do we quantify how much time and money Amazon saves us and helps us to be more efficient at our jobs and lives? Or how much time does your cell phone save you and make you more efficient? How easy is it to get a Kiosk to do the job of 5 to 10 cashiers and how do we quantify this? TIME - never has there been so much time to be saved with innovation! Never has there been a time when you can hire a person halfway around the world to do a job for you right at home which before would take you a week or 2 to find someone local. Amazing and strange times!
New Residential Sales for U.S. Census Bureau.
New Residential Sales
04/23/2019 10:00 AM EDT
Sales of new single-family houses in March 2019 were at a seasonally adjusted annual rate of 692,000. This is 4.5 percent (+/- 17.6%)* above the revised February 2019 estimate of 662,000.
March 2019: +4.5* % change
February 2019 (r): +5.9* % change