But wait there's more:
More good news in the economy: industrial production rose 1.1% in April. This was the largest gain since December 2010. Additionally, consumer sentiment rose to its highest reading since January 2008 in May, according to the University of Michigan.
But wait there’s more, good news from the home construction industry. Housing starts rose to an annualized rate of 717,000 homes in April. This annualized rate is well above the market consensus forecast. Additionally, construction of one-family homes increased to its strongest pace in three months.
Every little bit of good news is good news. Let’s just keep it going one step at a time!
Michael Hobbs, PahRoo Appraisal & Consultancy
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