U.S. Housing `Bumping Along’ Market Bottom

May 24 (Bloomberg) — Hugh Johnson, chairman of Hugh Johnson Advisors LLC, discusses the outlook for the U.S. housing market and economy. Sales of new homes climbed 7.3 percent to a 323,000 annual pace in April, figures from the Commerce Department showed today. Johnson speaks with Mark Crumpton on Bloomberg Television’s “Bottom Line.” (Source: Bloomberg) (Bloomberg)