Activity in the housing sector is a strong point in the nation's economic recovery from the COVID-19 pandemic, according to a new report.
Sales of existing and new homes increased significantly in June, and data points to stable demand for housing, according to a report by Bank of America Securities' US Economists Stephen Juneau and Michelle Meyer.
"However, further improvement may be difficult to come by as some of the sharp recovery likely partly reflects a pull forward in activity and pent-up demand," said the report.
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Angela Morris
Angela Morris is ALM Media's Texas litigation reporter. She covers lawsuits in all levels of Texas state and federal courts. Based in Austin, Morris earned journalism and government degrees from the University of Texas at Austin in 2006, and since then, has worked primarily as a reporter and writer, but also has skills in videography, photography and podcasts. Follow her on Twitter at @AMorrisReports.
