Several economic reports painted a positive picture for the American housing market, with job layoffs on the decline and overall economic growth edging a bit higher.
\”This is generally positive news for housing demand. As more people go back to work, it means more people have income and the financial resources that they need to create households and buy homes,\” said Frank Nothaft, vice president and chief economist for Freddie Mac.
The latest unemployment report from the U.S. Department of Labor noted that initial jobless claims dropped by 23,000 filings to 298,000 for the week ended Nov. 30.
via Housing market feeds off positive housing reports | 2013-12-05 | HousingWire.
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