New-home sales rise in February to an 11-month high
The numbers: New-home sales ran at a seasonally adjusted annual 667,000 pace in February, the Commerce Department said Friday. That was 4.9% higher than January’s rate, but just 0.6% above year-ago levels.
At the current sales rate, it would take 6.1 months to exhaust the available supply of homes. Over many decades, 6 months of supply has been the amount that’s generally considered a sign of a market evenly balanced between supply and demand. The government’s home-construction reports are based on small samples, and are often revised heavily, making it hard to rely on any one month’s data for a complete picture of the housing market. For the year to date, sales were 2.8% higher than during the same period last year.Big picture: Since the housing crisis of a decade ago, it’s been hard for home builders to get back into a groove.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
US new-home sales increased 4.9 percent in FebruaryWASHINGTON (AP) — Sales of new U.S. homes climbed 4.9 percent in February, an indication that falling mortgage rates have given a boost to demand from buyers. The Commerce Department says...
Baca lebih lajut »
Automakers start to sweat as new car sales continue to lagSales of new cars are falling, as higher prices push consumers towards used cars, a segment that is seeing a corresponding spike in sales — and it's a worrying trend, say industry watchers.
Baca lebih lajut »
US budget deficit hit record $234 billion in FebruaryCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Baca lebih lajut »
Pemex imports crude in February, despite president's aversionMexican state oil company Pemex imported crude oil in February despite the new p...
Baca lebih lajut »
New Tax Could Hurt Value of Some of New York’s Most Expensive HomesOwners of some of New York’s priciest real estate could face a dramatic drop in the value of their properties under a state plan to impose a so-called pied-à-terre tax in New York City.
Baca lebih lajut »
Republican Senator proposes 'New Manhattan Project,' ridicules Green New Deal as 'assault on cars, cows'Tennessee's Senator Lamar Alexander dismissed the Democrat-proposed Green New Deal legislation and instead offered his own 'New Manhattan Project,' riffing on another landmark FDR-era initiative.
Baca lebih lajut »
Perspective | How New York’s new monument whitewashes the women’s rights movementPerspective: How New York’s new monument whitewashes the women’s rights movement
Baca lebih lajut »
Lincoln set to debut all-new Corsair at New York International Auto Show in AprilThe New York International Auto Show is an annual event that serves as a platform for the world’s leading automakers to debut shimmering new models.
Baca lebih lajut »