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

WASHINGTON (AP) – Sales of new U.S. homes jumped 6.7 percent in May; South accounts for all of monthly sales growth.

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Some other houses have recently changed hands nearby: A 1,121-square-foot home at 12 Nostrand Drive sold in May. sales,

 · New-home sales jumped in August. Sales of new U.S. single-family homes rebounded more than expected in August, the latest sign that the struggling housing market was starting to.

The new citywide property tax rules effectively raised the cost of buying a home over $2 million. The rates changed from a general 1% tax on home sales over $1 million to a progressive tax of 1.25% on.

There was strong activity in the greater toronto area's new homes. with 1,004 sales, up 211% from last May but still 32% below the ten-year average.. that will allow us to build enough housing supply to meet that demand.

Washington 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.

Sales Price. The median sales price of new houses sold in June 2018 was $302,100. The average sales price was $363,300. For Sale Inventory and Months’ Supply. The seasonally-adjusted estimate of new houses for sale at the end of June was 301,000. This represents a supply of 5.7 months at the current sales rate.

They generally begin with a jump in housing demand, despite a limited. on the real estate industry, but also homeowners and their personal finances.. their homes may lose their homes, bringing more supply to the market.. In the mid- 2000s, the U.S. economy experienced a housing bubble that had a.

In New York City, two bedrooms can be a reach for most buyers, but thanks to the overextended luxury market, Homes for Sale in New York and New Jersey.

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 · 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.

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 month at a seasonally adjusted annual rate of 689,000, up from 646,000 in April.