|"Home Sales & Prices|
Home sales have picked up and house prices have accelerated. December sales were revised upward 2.2%, to 427,000. January new-home sales rebounded to an annual pace of 468,000 units, the fastest since 2008.
|Construction payrolls are expected to increase at their fastest rate since 2006 as housing demand stabilizes. The low level of home inventory is helping house prices rise: The Black Knight Home Price Index (formerly the LPS index) rose 8.4% in December, just a bit below its recent pace.|
|With the weather turning friendly and consumers and homebuyers showing more confidence, the housing market will experience an improving second quarter."|