Homes And Cars Point The Way For U.S.

September 14, 2012

in News

Homes And Cars Point The Way For U.S.

The U.S. economy has been rather dreary this year, but automobile sales and the housing market have been two brighter spots. Dealerships are on pace to sell 14.2 million new cars and light trucks in 2012, the best since 2007 and more than the most optimistic forecasters penciled in at the start of the year. Auto makers, surprised by the strength, curtailed their usual retooling shutdowns this summer and have been taking steps like adding third shifts. Housing has arguably been an even bigger surprise. Fannie Mae’s latest housing forecast calls for sales of 4.96 million homes this year, compared with a January forecast of 4.74 million. And it looks as if sales would be even higher without an unexpected problem: In many areas, there is a lack of homes to meet demand. [Read this article]

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