According to Frank Nothaft, vice president and chief economist, Freddie Mac:
"The European debt crisis overshadowed improving economic indicators for the U.S. and allowed Treasury bond yields and fixed mortgage rates to ease for another week. For instance, industrial production rose 1.1 percent in April -- the largest gain since December 2010 -- and consumer sentiment in May rose to its highest reading since January 2008, according to the University of Michigan.
There was also good news in the home construction industry. Housing starts rose to an annualized rate of 717,000 homes in April, well above the market consensus forecast, and construction on one-family homes increased to its strongest pace in three months. Moreover, homebuilder confidence in May reached its highest reading since January 2008 according to the NAHB/Wells Fargo Housing Market Index."
Dorian Moffat - Broker Associate / Realtor
Your Best Move !!!
Diamond Realty Group
(Ask Me About My Special Programs: Sell @ A Discount When You Buy!!! - VIP Buyers - HOT, NEW Listings - NO Money Down - Don't Even Think About Visiting A Builder Without Me!!! I Have Access To Discounts, Incentives & Promotions To Save You $$$!!!)
P.S. While my business is good and growing steadily, it is important for you to know that I am never too busy to help those you refer to me: your family, friends, neighbors and coworkers.
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