Sales of new homes in the US jumped in May, but…

Sales of new homes in the US jumped in May, but. A home under construction in Florida Nationwide sales of new homes soared in May, thanks almost entirely to activity the South. Purchases of new single-family homes rose 6.7 percent last month to a seasonally adjusted annual rate of 689,000, according to the Commerce Department.

Americans bought new homes in October at the fastest pace in a decade – a 6.2 percent monthly increase that reflects both the underlying strength of the economy and the worsening shortage of existing homes for sale. The Commerce Department said Monday that new-home sales last month rose to a seasonally adjusted annual rate of 685,000.

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US housing starts jumped 12.3 percent from a month earlier to a seasonally adjusted annual rate of 1,364 thousand units in August 2019, the highest level since June 2007 likely supported by lower mortgage rates. Single-family homebuilding increased 4.4 percent and starts for the volatile multi-family housing segment soared 32.8 percent.

Nationwide sales of new homes soared in May, thanks almost entirely to activity the South. Purchases of new single-family homes rose 6.7 percent last month to a seasonally adjusted annual rate of.

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Sales of new single-family houses rose sharply in May, an encouraging sign for the housing market as it continues to be plagued by a lower-than-normal inventory of available homes. In its monthly.

The average sales price of a new home jumped 13.6 percent over the past 12 months to $400,200. These price increases are a sign that builders are able to charge more money because of the dearth of.

New Home Sales Jump in May By Robert Dietz on June 24, 2014 (). New single-family home sales reached the highest pace in six years in May. According to estimates from the Census Bureau and the Department of Housing and Urban Development, new home sales were at a seasonally adjusted annual rate of 504,000 in May, a gain of 18.6% over a slightly downwardly revised April (425,000).

WASHINGTON – Sales of new U.S. homes jumped 6.7 percent in May, with purchases in the South accounting for all of the monthly gains. The Commerce Department said Monday that new homes sold last.

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Net income jumped more than 300% to $1.1 billion due to a gain on the sale of its renewables. which it hopes to expand to.

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