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

A home under construction in Florida Nationwide sales of new homes soared in May, thanks almost entirely to activity the South. Purchases of new single-family homes rose 6.7 percent last month to a seasonally adjusted annual rate of 689,000, according to the Commerce Department.

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WASHINGTON (AP) – Sales of new U.S. homes jumped 6.7 percent in May, with purchases in the South accounting for all of the monthly gains.

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.

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.

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New Home Sales Sales of new singlefamily houses in June 2019 were at a seasonally adjusted annual rate of 646,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.0 percent (15.2 percent)* above the revised May rate of 604,000 and is 4.5 percent (21.8 percent)* above

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WASHINGTON (AP) – Sales of new US 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.