Flight From the Cities: New Home Sales Jump 13.8% in June—Highest Since 2007
Americans are in a stampede to buy houses to shelter from disease, crime, shuttered schools, and other urban dangers.

Americans are in a stampede to buy houses to shelter from disease, crime, shuttered schools, and other urban dangers.

A huge boost in home sales in May indicates an economy recovering faster than expected.

Economists expected a sharp decline in sales of new homes for April. Instead, sales actually rose from March.

New home sales are up 18.6% above last year’s level, providing a powerful economic boost to the U.S. economy.

In a big sign of economic confidence, Americans went on a home buying spree in September and October.

New home sales were much better than expected in August, putting the year on pace to be the best since 2007.

New-home sales ran at a seasonally adjusted annual 657,000 rate in November, the best rate in eight months.
