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April 23rd 2010 THE FIRST SIGNS OF RECOVERY

In the month of March the number of new homes sold in the USA increased by 27%, a record figure and the best result since 1963; sales were over 30% better than expert forecasts. There was an increase in sales in all regions: an increase of 36% in the “North East”, 4% in the “Midwest”, 44% in the “South”, 6% in the “West” (American government data). As mentioned by Ben Bernanke at the beginning of April, it will take time for the market to stabilize, but there are strong signs of change and recovery.