Arab Today, arab today us newhome sale drop but prices reach 5year high
Last Updated : GMT 12:14:46
Arab Today, arab today
Arab Today, arab today

US new-home sale drop, but prices reach 5-year high

Arab Today, arab today

Arab Today, arab today US new-home sale drop, but prices reach 5-year high

Washington - SPA

Sales of new U.S. single-family homes fell slightly in August but held near two-year highs, while the median price of homes sold rose by a record amount to its highest level in more than five years, the government reported Wednesday, adding to signs of a broadening housing-market recovery. The Commerce Department said new-home sales fell 0.3 percent last month to a 373,000-unit annual rate. July’s 374,000 sales pace was the highest level since April 2010. Compared to August 2011, new-home sales were up 27.7 percent, but remain far below the annual pace of 700,000 that economists consider healthy. The median price of a new home jumped 11.2 percent in August, the biggest one-month gain on record and the highest level since March 2007. Compared to a year ago, the median sales price jumped 17 percent, the largest year-over-year gain since late 2004. Despite the slight decline from July’s sales pace, the August report was consistent with other data that have suggested a rebound in the housing market after it collapsed in 2006, igniting the 2007-2009 recession. Home re-sales surged last month, homebuilder sentient jumped to a six-year high in September, and construction of single-family homes rose last month to the fastest annual rate in more than two years. Despite the gains, however, home sales and construction remain well below healthy levels, and the housing market is not strong enough to replace the slowing manufacturing sector as the main driver of growth.

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*

Arab Today, arab today us newhome sale drop but prices reach 5year high Arab Today, arab today us newhome sale drop but prices reach 5year high

 



Arab Today, arab today

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*

Arab Today, arab today us newhome sale drop but prices reach 5year high Arab Today, arab today us newhome sale drop but prices reach 5year high

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
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
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday