February 26, 2014
Statement From LIA Chief Economist, John Rizzo on Home Sales
By: Dr. John A. Rizzo
"Today's report that new home sales attained their highest level in more than 5 years, greatly exceeding expectations, indicates that the economic recovery continues. It further suggests that some recent weak economic results may be attributed to severe weather conditions rather than fundamental changes in the economy," said John A. Rizzo, LIA Chief Economist.