New High Reached For Existing Home Sales

There are a few factors that led to this increase, such as employment growth and an increase in incomes. According to the Labor Department, payrolls rose by 280,000 in May, which was the biggest in five months. The average job gain a month in 2015 is 217,400.

Construction is also said to further fuel the economy, with builders responding to the increased demand for housing.

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