New Home Sales jump to 2 yr high
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Looks like buyers are back. The emotional sentiment that drives housing is definitely on the positive side. In addition the lack of inventory has driven prices up so 1.3 million less people are upside down. So, sellers are back. The problem is without enough inventory, this can’t sustain itself. Even though building is starting to ramp up, it takes 2 years from permit to house.

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