Recovery Revs Up in the Housing Industry

July 14, 2015

The return of first-time homebuyers into the market has been a big driver in the market’s recovery, Daily Finance reports.

New-home sales will gain 22 percent from last year through 2015, and existing-home sales are expected to climb 7 percent. New-home starts are also projected to increase by about 9 percent.

First-time buying activity rose to 32 percent compared to 29 percent last year, and is expected to hit 35 percent by the end of 2016.

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