The National Association of Realtors reported Thursday that sales of existing home, for which there is a much larger market than for new homes, increased 1.1 percent in May to a seasonally adjusted annual sales rate of 5.62 million. Sales of previously owned homes also rose last month. That followed a 7.9 percent drop in sales in April which was the biggest monthly decline in eight months.
"Following today's better-than-expected data, and upward revisions to April's numbers, our residential investment tracking estimate stands higher by two-tenths at 2.9 percent".
With sales at an annual pace of 610,000 in May, new home sales were stronger than last month and exceeded economists forecasts for 593,000 sales.
"The name of the housing market game over the past few years has been low supply, not low demand", said Ralph McLaughlin, chief economist at Trulia. Sales were up 8.9% on a year-on-year basis in May.
The rate of new home sales in April was upwardly revised to 593k, while March's sales were upwardly revised by 2k to 644k. "As home sales continue to pick up, that's further evidence that we have a supply problem, not a demand problem".
3300 dead since central Congo conflict in August
The church's report will carry considerable weight in a country where about 40% of the population identifies as Catholic. The UN human rights chief said the situation has become more complex in recent months.
UAE warns sanctions on Qatar could last years
It has said it is now being punished for straying from its neighbours' backing for authoritarian hereditary and military rulers. Doha denies the accusations and says measures imposed by its Gulf neighbors amount to a "blockade".
DUP head: Talks with UK Conservatives going well
"We've had some very good discussions today and those discussions are continuing this afternoon", she said. And our promise to you is that we will always strive to provide indispensable journalism to our community.
The median sales price of new houses sold in May was $345,800, while the average sales price was $406,400. Housing starts declined for the third straight month in May, as builders expressed concern about tight availability of lots and a labor shortage.
Year-over-year, new-home sales rose by 15 percent in the South region and by 14 percent in the West compared to the May 2016 level.
The supply of new houses available for sale was unchanged at 5.3 months' worth, the same as in April.
Regionally, new home sales increased 13.3 percent in the West and 6.2 percent in the South. Sales fell 10.8 percent in the Northeast and 25.7 percent in the Midwest.
He added that the Celtics would then sign Gordon Hayward in free agency. "I think he's supertalented, superexplosive", Bird said. The blockbuster trade between the Boston Celtics and the Philadelphia 76ers for the first pick in the NBA Draft is now official.
Knowing they couldn't, or wouldn't, protect Jannik Hansen, they moved the winger at the deadline to the San Jose Sharks. Goalie Jeff Glass is under contract for next season and fulfills the requirement for exposed goaltenders .
The jury in the sexual assault trial of Bill Cosby has deadlocked in its opinion and a mistrial has been declared by the judge. Cosby said in a radio interview before the trial he hoped to resume his performing career after the Constand case was resolved.
Detectives told Nabra's mother that the teenager was struck with a metal bat, The Washington Post reported. Numerous vigils are encouraging attendees to bring flowers rather than candles to hold during the vigil.
But the bottom line here is this: "We can not accept a system that perpetuates the drain of American businesses overseas". Representative Jim Jordan has proposed some $400 billion in welfare spending cuts to help pay for tax cuts.
A spokesman for his Department for Exiting the European Union said Britain had been "crystal clear" about its approach. The first day of the negotiations began at the European Commission offices in Brussels .
After Smith was shot, the resulting violence during protests left businesses burned, police cars damaged and officers injured. According to Fox6, jurors also had the option to pick from two lesser charges instead of first-degree reckless homicide.
The Wisconsin case seems promising because the lower court said it found a way to measure the partisan nature of the districts. The court will be pressed with the responsibility of deciding if partisan gerrymandering violates the Constitution.
The Netherlands were in impressive form as they followed Argentina and Malaysia into the semi-finals by thrashing China 7-0. A defeat on Saturday will definitely raise question marks over the team's and chief coach Oltmans' progress over the years.
Fire officials say two workers were hospitalized in critical condition following a construction accident in Queens. First responders received the 911 call about the incident at 31-25 28th Rd. roughly 3:40 p.m., officials said.
They were set to snatch between 430-460 seats, where the minimal number needed for taking an absolute majority is 289. The victory for LREM, which was launched by Macron less than a year ago, is considered a slap to mainstream parties.
Samsung set to showcase Galaxy Note 8 in NY in August
The tablet comes with company's S Pen for doodling, taking notes and other S Pen features like translate, magnify and navigation. This also means, though, that Samsung has failed to integrate fingerprint scanning capabilities right into the display .
'The Last Knight' needs to be the last Transformers film
Unlike his elder statesman characters in " Westworld " and "Thor", Hopkins doesn't appear to just be doing this for a paycheck. If you understood any of that, congratulations, you are on the same wavelength as Michael Bay and his screenwriters.
Russia urges Trump to discard 'Cold War' policy on Cuba
Hillary Clinton's coronation was busted up by the American people, who rejected eight more years of the same lunacy. Trump will reverse the changes made by the Obama administration regarding USA dealings with the Cuban military.
Iran's Revolutionary Guard strikes Syria for Tehran attacks
Such an attack is rare in Syria's long-running civil war, in which Iran is backing embattled Syrian President Bashar Assad. Iran's Revolutionary Guard, a hard-line paramilitary force, has seen advisers and fighters killed in the conflict.
McCartney, Rowling promoted in the queen's Birthday Honors
Bafta award victor Dame Julie, 67, and Gone With The Wind starlet Dame Olivia are both honoured for their services to drama. Bethan Harding, the head of primary years at Bede Academy in Blyth, has been made an MBE for services to education.