The housing market is recovering 鈥� very slowly.
As , new home sales stayed steady while housing priced nudged upward. This news follows and last week's stories about rising .
This is not just good news for home owners. A healthy housing market can help improve the broader economy, as . It's good for consumer confidence and spurs their overall spending (though it might not be so great for those trying to buy a home).
Below we take a closer look at August numbers from the :
As you can see in the chart above, housing sales are gradually nudging upward. While August new home sales fell slightly compared to sales in July, they are still 27.7% higher than they were in August last year.
BONUS GRAPHIC: Wonder where all those new homes were sold? Mostly in the South. See a regional breakdown below.
Copyright 2020 NPR. To see more, visit https://www.npr.org. 9(MDAxNDQ2NDAxMDEyNzU2NzM2ODA3ZGI1ZA001))
