New home sales surge in September

The news keeps getting better on the housing front, and that should have a big impact on consumer choices in the short term and in the next couple of years. The economic collapse of 2008 has seen the U.S. economy slowly rebounding to per-recession levels, but the housing market has been stubbornly sluggish. Of course this affects the job market, particularly in construction, and also consumer choices. Many more people are renting these days, even with historically low mortgage rates and depressed home prices.

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