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It’s green shoots for the housing market, home builders say

Bloomberg News/Landov
A worker walks the roof trusses of a home being constructed north of Denver, where homebuilder KB Home is seeing robust demand for new houses.

New-home sales at a five-month low. Home contract signings below their year-earlier levels for 18 months in a row. Bond yields near recession territory, and taking mortgage rates down in their wake.

The housing market has been weak for a while, but there are some glimmers of hope, according to fresh information this week from two home builders.

“Our results reflect the fact that the housing market strengthened throughout Q2,” said Stuart Miller, executive Chairman of Lennar Corp.

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