Arab Today, arab today us newhome sale drop but prices reach 5year high
Last Updated : GMT 08:55:55
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.

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
Arab Today, arab today Heart of Turkish Riviera is Alluring Seaside Escape

GMT 11:11 2017 Tuesday ,28 March

Heart of Turkish Riviera is Alluring Seaside Escape
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Turkey says ends its military operation

GMT 07:53 2017 Thursday ,30 March

Turkey says ends its military operation
Arab Today, arab today Media host gives priority to problems of people

GMT 07:00 2017 Tuesday ,28 March

Media host gives priority to problems of people
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Disaster costs nearly double to $175bn

GMT 10:42 2017 Tuesday ,28 March

Disaster costs nearly double to $175bn
Arab Today, arab today Campaign fights sexual harassment in Egypt

GMT 11:14 2017 Tuesday ,28 March

Campaign fights sexual harassment in Egypt
Arab Today, arab today Trump moves to roll back Obama climate measures

GMT 08:39 2017 Wednesday ,29 March

Trump moves to roll back Obama climate measures
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Mercedes, VW recall million vehicles in China

GMT 09:16 2017 Wednesday ,29 March

Mercedes, VW recall million vehicles in China
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Trump poised to roll back climate protections

GMT 09:28 2017 Tuesday ,28 March

Trump poised to roll back climate protections

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 12:33 2017 Wednesday ,29 March

OptiBac Probiotics to launch new supplement

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" 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