Activity in the national housing market is heating up. Existing home sales surged in the third quarter of this year to a level last experienced in the booming housing market of the late 1970s.

New-home sales also rose strongly in the quarter, pushing down inventories of new homes to levels consistent with only the best of times. This has supported a rebound in home building, with housing starts rising to their highest level since before the 1990-1991 recession.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.