Housing Recovery Is the Real Deal This Time

 

 Purchases of new homes in January hit their highest level since July 2008, climbing 15.6% to a 437,000 annual pace. The S&P/Case-Shiller Home Price Index showed gains of 0.2% in December – more than anticipated. The latest data give support to the argument that the housing market recovery is underway – and sustainable. Douglas Yearley, CEO of luxury homebuilder Toll Brothers (TOL), says in an interview with The Daily Ticker that the recovery “feels like it’s the real deal this time.” “We feel really good in almost every market we have in the country,” Yearley notes. “We’re seeing great traffic and sales.”

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