MI Homes Builds Momentum As Housing Market Improves
The U.S. homebuilding industry got more good news late last month amid reports that new single-family home sales in November reached their fastest pace in two-and-a-half years. According to data from the Commerce Department, November sales rose 4.4% from the prior month and 15% from the prior year to a seasonally adjusted annual rate of 377,000 units. It was the highest rate of new-home sales since April 2010, when the industry benefited from a
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