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

 · Sales of new-build properties in the US tumbled sharply in June while the previous month’s rise was also revised down. New single-family home sales dropped 5.3 per cent month-on-month in June to.

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US housing starts jumped 5 percent in May, but slumped in N.E. The National Association of Home builders/wells fargo builder sentiment index released Monday fell two points to 68 this month. Any reading above 50 signals expansion. The home builder association said higher lumber prices have increased the price of a new single-family home by $9,000 since January 2017.

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.

It’s never been so expensive to buy a new house. The inventory of new homes on the market increased 1.5 percent to 268,000 units last month. At May’s sales rate, it would take 5.3 months to clear inventory, unchanged from April. A six-month supply is seen as a healthy balance between supply and demand.

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U.S. new-home sales climbed 6.7% in May By: The Associated Press June 25, 2018 12:43 pm 0 WASHINGTON – Sales of new U.S. homes jumped 6.7 percent in May, with purchases in the South accounting.

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Activity in America’s residential real estate market continued to hum along at a solid pace last month, the latest official revealed, amid sharp price increases. New single-family home sales in.

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