Is the U.S. housing recovery still on firm footing? Your view on that will depend on which indicators you choose to believe. For the optimists: New home sales spiked 16.6 percent to 619,000 in April, the highest level recorded since early 2008, while the latest data from the Case-Shiller 20-City Composite Home Price Index shows that prices are 5.4 percent higher in the country’s major cities than they were a year ago. And for the pessimists: April housing starts, though up 6.6 percent...
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