US new-home sales plunge to lowest level in more than 12 years, heighten recession fearsJEANNINE AVERSA
On an annual basis, new home sales are down 17.4%. The median new house price climbed 7.4% in June from the year-ago period to $402,400. There were about 457,000 new homes on the market at the end of June, the report shows, an increase from 447,000 units in May. HOUSING STARTS...
New home sales in the West climbed a massive 50 percent in August – the highest since January 2008 – compared to 29.2 percent in the Northeast and 7.8 percent in the South, whereas there was no change whatsoever in the Midwest. Meanwhile, the median sales price of a new house sold in ...
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Sales of new U.S. single-family homes jumped to a six-year high in May, the latest indication the housing market was starting to dig out of a recent soft patch.
New home sales rose in three of the four regions, with the Midwest leading the way with a whopping 56.4% increase. Sales rose 14.9% in the south and nominally in the West, offsetting a 15.6% decline in the Northeast. Historically low mortgage rates have fed the demand for housing, even ...
SHOBHANA CHANDRA
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Washington, July 25 (IANS) Sales of new single-family houses in the US rose to a five-year high in June, which is evidence of sustained recovery of the housing
home prices rose 11.9% in february, fastest since 2014 business news news home us home prices rose 11.9% in february, fastest since 2014 u.s. home prices rose in february at the fastest pace in nearly seven years as strong demand for housing collided with tight supplies of homes on ...