Sales of new homes posted another large gain in April as buyers rushed to sign contracts before government tax credits expired.

The Commerce Department says sales of new single-family homes jumped 14.8 percent to a seasonally adjusted annual rate of 504,000 units.  The April gain followed a 29.8 percent surge in March, the biggest monthly increase in 47 years.

Activity in both months was pushed higher by a stampede of buyers trying to sign sales contracts before tax credits expired on April 30.  The concern, however , is that sales will slump in coming months given all the problems still facing households.

In a separate report, the Commerce Department says demand for durable goods increased 2.9 percent in April 30 on a rebound in demand for commercial aircraft.  It's the best showing in three months and more than double what was expected.

The reports are helping stocks bounce back from yesterday's sell.

Posted from KBTX website, dated Thursday, May 26, 2010

MOVE IT. Simply rearranging the furniture can reenergize a room. Add and remove furniture, lamps, rugs, and accessories from other parts of the house to create a whole new look. Mirrors are particulary useful when it comes to updating a room. Try one out in different rooms to see where it fits best. Even just moving a mirror to a different wall can create a more welcoming feel.

In the eight years that we've operated our design and building business, WMS Construction in Marin County, Calif., my husband, Bill Shideler, and I have collaborated on a number of kitchen remodels for other people. A few years ago, we moved into an outdated ranch home and decided to use that collective experience to expand and update our own kitchen.

Many people are wondering where their money will be safest during these uncertain economic times. When home owners turn to you for your expert advice, counsel them that some things never change: Investing in their home still pays off.