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

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WASHINGTON – Sales of new U.S. homes jumped last month to the highest level since October 2007, a sign that Americans – unable to find existing homes – are turning to new construction.

Shares of single-family-homes builder Meritage Homes (NYSE:MTH) jumped nearly 11% in Thursday trading before settling down to close the.

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 · US new-home sales jumped 6.2% in October. The average sales price of a new home jumped 13.6 percent over the past 12 months to $400,200. Stephen Stanley, chief economist at Amherst Pierpont Securities, suggested that some of new homes were sold last month before construction had started – a sign of the inventory squeeze..

So they jumped on a chance to sell their old house when they could take advantage of a cash offer made by real estate agent.

 · The median Lehigh Valley home sales price in May jumped to $206,000. New listings in May, however, decreased 2.8% to 1,194 and pending sales were up 9.1% to 819.. Shortage of homes.

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.

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WASHINGTON (AP) – U.S home prices climbed 6.3 percent in June. 6.5 percent annual gain in May from a year earlier, according to a report Tuesday. But home values are increasing at more than double the pace of average wage growth, weighing down property sales despite solid demand because of.

Apple’s 2019 iPhones are off to a strong start in terms of sales in the United States, analysts at UBS claim, but the firm’s data suggests customers may have to wait longer. For iPhones,