27% Increase in Feb. Car Sales, Highest Since 1988

Auto sales were released today by Autodata, and excluding the artifi

As predicted several weeks ago by

According to Fox News, "U.S.

January vehicle sales were released today, and here are some highligh

WASHINGTON — U.S. home prices rose 9.3 percent in February compared with a year ago, the most in nearly seven years. The gains were driven by a growing number of buyers who bid on a limited supply of homes. The Standard & Poor’s/Case-Shiller 20-city home price index increased from an 8.1 percent year-over-year gain in January. And annual prices rose in February in all 20 cities for the second month in a row. Phoenix led all cities with an annual gain of 23 percent in February. Prices jumped nearly 19 percent in San Francisco.

WASHINGTON — U.S. home prices rose 9.3 percent in February compared with a year ago, the most in nearly seven years. The gains were driven by a growing number of buyers who bid on a limited supply of homes. The Standard & Poor’s/Case-Shiller 20-city home price index increased from an 8.1 percent year-over-year gain in January. And annual prices rose in February in all 20 cities for the second month in a row. Phoenix led all cities with an annual gain of 23 percent in February. Prices jumped nearly 19 percent in San Francisco.

New U.S. home construction rose in February and building permits climbed to the highest level in almost five years, adding to signs of progress in the housing market that’s helping boost the economy. Builders broke ground on 917,000 homes at an annual rate, up 0.8% from a revised 910,000 pace in January that was higher than initially estimated, the Commerce Department reported Tuesday in Washington. Building permits, a proxy for future construction, advanced 4.6% to 946,000, the strongest since June 2008.

There's more positive housing data coming out this week to support the growing consensus that we've passed the bottom and now have a solid, sustainable real es