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New Home Sales Rise-WSJ

With every data point it is becoming more obvious that the housing market is recovering and the implications are massive. While everybody is focused on Europe for the third year in a row, new single-family homes sales moved up 3.3% from March to a seasonally adjusted annual rate of $343,000. Housing as been in a depression over the last several years and if it can continue to improve GDP and employment would both be impacted tremendously.