ELITE INFORMATION OUTLET
4/17/09
We are on the bottom of this Recession,bouncing around, better
one week ,not so good the next,
From my viewpoint we shoud see a steady increase in economic activity
by summers end.
Bloomberg New
Confidence amoung US home builders in April increased to the highest level since October, a sign that low lending rates and government efforts to stabilize the housing market may be putting a floor to the industry's slump.
The National Association of Home Builders/Wells Fargo confidence index rose to 14 from 9 the prior month, the biggest gain since May 2003.
Record-low mortgage rates and falling home prices are beginning to stir demand for housing after almost four years.
Sales of new and existing homes rose in February from record lows, and Federal Reserve purchases of mortgage-backed securities pushed average rates on 30-year home loans to 4.78 percent the week ended April 2, the lowest since the data began in 1971. That has spurred a surge in appllications to build homes and refinance mortgages.
Some of the most favorable buying conditions in a LIFETIME
are now in place.
