The commerce department showed that in April, sales on new homes jumped 16.2 percent from the previous month.  The estimates were only 0.2 precent by economists.   This started a rally on Wall Street and the Dow Jones surged by .55% to 13,604.80.  

Our in house pending sales numbers for April should be ready next week.  We are hoping for a fourth straight month of increased activity in the resale market.