Construction on new properties rose in December at the fastest clip in four years and the sale of new homes in the last month of 2012 is likely to remain at a two-and-a-half-year high. What’s more, existing homes are selling at their strongest pace in three years. These are all playing a large role in the recovery of the economy, MarketWatch reported.
Housing rebound boosts U.S. economy
Most Popular Articles
Latest Articles
Pennymac posts first-quarter profit of $39M
Loan production income shrank in the first quarter, but the company’s servicing business continues to grow
-
DOJ charges one of America’s top LOs in alleged mortgage fraud scheme
-
Top Producer Review: Features, pricing & alternatives
-
A&D Mortgage names new servicing manager
-
HUD aims to help protect communities from extreme heat
-
Freedom Mortgage founder addresses ’extraordinary’ credit profiles, profitability and products