New Home Sales -- June Sales Highest In Eight Years -- July 26, 2016

I'm too tired to post much more tonight, but the news has been quite incredible after close of business today. It started with Apple reporting. And now this, from The Los Angeles Times:

Americans bought new homes in June at the fastest pace in more than eight years, a sign that a solid job market and low mortgage rates are bolstering the broader U.S. economy.

The Commerce Department said Tuesday that new-home sales rose 3.5% last month to a seasonally adjusted rate of 592,000, the best level since February 2008. Purchases of new homes have climbed 10.1% year-to-date, despite volatile sales on a monthly basis.