President Trump on Thursday touted new home sales numbers that show the real estate market gaining momentum, as he laid claim to another positive economic indicator.
“Home Sales hit BEST numbers in 10 years! MAKE AMERICA GREAT AGAIN,” Mr. Trump wrote on Twitter.
The president has reveled in the economic upswing since he took office, including a skyrocketing stock market and the unemployment rate falling to a 17-year low.
National Association of Realtors reported that U.S. home sales increased more than expected in November, jumping to the highest level in more than 10 years.
It was an encouraging sign after the housing market nearly stalled earlier this year.
Existing home sales surged 5.6 percent to a seasonally adjusted annual rate of 5.81 million units last month amid continued recovery in areas in the South ravaged by Hurricanes Harvey and Irma, and solid gains in other parts of the country.
The level of sales was the highest since December 2006 and marked the third straight monthly rise. Economists expected home sales would increase just 0.9 percent to a 5.52 million-unit rate in November.