June 24, 2014
LIA Chief Economist on new home sales and consumer confidence
By: Dr. John Rizzo
LIA Chief Ecoomist statement on new home sales and consumer confidence
"Today's news of soaring new home sales-- at a six year high-- and rising consumer confidence suggests that the housing market is recovering well and that consumer spending will be strong. The housing results in particular may signal a rebound on Long Island as well, where home sales have slowed considerably in recent months," said John Rizzo, LIA Chief Economist.