us new home sales surge
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

US New Home Sales Surge

Arab Today, arab today

Arab Today, arab today US New Home Sales Surge

New home sales surge
Washington - SPA

Sales of new U.S. single-family homes rose in May to the highest level in six years, the government reported Tuesday, providing the strongest signal yet that housing is recovering from a recent slowdown.
The Commerce Department said sales surged 18.6 percent - the biggest monthly increase since early 1992 - to an annual rate of 504,000 units, the highest level since May 2008. The May increase was significantly bigger than economists had expected.
Compared to May 2013, sales were up 16.9 percent, pointing to some momentum in the new-homes market.
The inventory of unsold new homes was unchanged at 189,000 in May, an extremely low level that highlighted the fact that the supply of new homes remains well below historic averages. With inventories tight, the median price of a new home increased 6.9 percent last month from a year earlier. However, the pace of home-price gains is slowing, which should help to stimulate demand for houses.
Home sales peaked last year at an annual rate of 459,000 in June, but then weakened. The decline reflected an increase in mortgage rates that occurred after the Federal Reserve (Fed) started discussing reductions to its monthly bond purchases that were keeping long-term interest rates low.
Even with the big overall gain in May, sales of new homes still are at half the pace of a healthy real-estate market. But there have been some encouraging signs of a spring rebound in housing, including a report Monday that sales of previously owned homes jumped 4.9 percent in May, the biggest monthly gain in almost three years.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us new home sales surge us new home sales surge

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us new home sales surge us new home sales surge

 



GMT 16:52 2017 Tuesday ,21 February

Iraqi troops push into Daesh-held southern

GMT 10:50 2017 Tuesday ,05 December

Technip lands Bahrain refinery mega contract

GMT 08:12 2017 Monday ,10 April

Minister receives School Mini Olympics winners

GMT 13:15 2017 Thursday ,31 August

Al-Basher Arrives in the Holy Land

GMT 18:19 2017 Tuesday ,17 October

Producers' group moves to expel Weinstein

GMT 13:00 2015 Sunday ,18 October

DEWA participates in 11th Women’s Forum in France

GMT 15:48 2017 Wednesday ,22 February

GOIC Encourages Paper Industry in GCC States

GMT 02:41 2016 Tuesday ,08 November

US, Turkey COS held talks on Syria, Iraq

GMT 23:18 2017 Wednesday ,22 November

HRH Premier lauds Bahrain's ability to host major events
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday