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-home sales declined by 10.8 percent in the Northeast and 25.7 percent in the Midwest over the April level, respectively. "Sales are up more than 12 percent from this time a year ago, and we expect continued gains throughout 2017".
The Commerce Department said on Friday new home sales increased 2.9 percent to a seasonally adjusted rate of 610,000 units last month.
"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.
He sees the steep climb in house prices as an impediment to future growth in sales.
"The pressure to close deals quickly, which has afflicted the existing home sales market, is also seeping into the market for new homes", Ms. Gudell said. The unemployment rate fell to a 16-year low of 4.3% in May and mortgage rates are still favorable by historical standards.
Trump Appears to Confirm He Is Under Investigation
The president complained the probe is unfair and wondered why his defeated Democratic opponent was not getting the same scrutiny. Trump's tweet seems to suggest he acknowledges that he is under investigation for obstruction of justice.
Kia tops new car quality survey for second straight year
Power also bestows plant-quality awards as part of IQS, based exclusively on defects and malfunctions, not design-related issues. Mini was the most improved brand in the survey, with owners reporting 94 problems per vehicle, down from 127 problems in 2016.
Jackson and Knicks consider trading Kristaps Porzingis
However, a potential Kristaps Porzingis trade would enable the team to draft Markkanen if available on Thursday evening. Right now, the Knicks have put Porzingis on the trade block , and Anthony has been shopped since his exit interview.
The median house price rose to a record high of $345,800 in May, from $310,200 in the prior month.
The U.S. dollar pared losses against the yen after the data.
The U.S. new home sales recovered in May, coming in stronger than anticipated.
Despite slowing construction in recent months, the report showed homebuilders might be beginning to respond to demand, with the supply of new homes for sale hitting its highest level in almost eight years at 268,000.
At May's sales rate, it would take 5.3 months to clear inventory, unchanged from April. Sales declined by almost 24 percent in the Midwest over the pace a year ago, and were unchanged in the Northeast. For the nine census divisions, the seasonally adjusted monthly price changes from March to April ranged from a 0.1 percent decline in the East South Central division to a 1.6 percent upswing in the West South Central division.
The Republican senator from Florida sits on the Senate Intelligence Committee now investigating the matter. He added: "A lot of people have said, 'When do you think you'll be done?' Maybe the end of the year".
Should he leave the Bernabeu, there are only a number of clubs in the world can afford him - some of which are in England. However, recent assurances from Real president Perez has also given his backing to the Portuguese frontman.
He said the teen's death has prompted the entire community to rally and that the Muslim community is not alone in its grief. Locals had gathered at the United States capital's Dupont Circle on Tuesday night (local time ) to mourn the young woman.
Bae was the longest-held US citizen in North Korea since the Korean War - first detained in 2012 and released two years later. US President Donald Trump blamed the "brutality of the North Korean regime " for Warmbier's death .
Martin took the loss for Texas A&M and dropped to 7-4 on the season after allowing five runs on five hits in 1.2 innings. It's the eighth time one team has eliminated the same team in three consecutive seasons in any round of the tournament.
The victor on Thursday in Kazan will be guaranteed a place in the semifinals of the World Cup warm-up event. The four-time world champions could book their place in the semi-final ahead of schedule with another win.
The Metropolitan Police's investigation into the fire will look at the refurbishment undertaken at the tower block in 2016. Met Police commander Stuart Cundy said the force knows 58 people were in the tower block on the night of the disaster.
Today, with the aforementioned blockbusters and more to come in even less than one year, that is no longer a valid excuse. This movie is 2-1/2 hours of nothing but non-stop action, excitement, surprises and unbelievable special effects.
Pelosi tries to reassure Dems after Georgia loss
Owens pushed back against national debate over whether Ossoff ran a too progressive campaign or a too moderate campaign. The Georgia race featured a nail-biting finish, with the possibility of flipping a traditionally-Republican district.
Pak attackers cross LoC, kill 2 Indian soldiers, lose one
The BAT team usually comprises personnel from the Pakistani Army and some militants trained for cross border operations. It is known for intruders to carry out attacks on patrolling soldiers along the LoC and mutilate their bodies.
Oilers trade Jordan Eberle to Islanders for Ryan Strome
They will be reunited with the Islanders , and potentially on the same line, in order to give Tavares a scoring winger. They've done that by acquiring Eberle, and it could be just the thing that helps push the Islanders forward.
Which Analysts Are Watching Northern Oil And Gas, Inc. (NOG)?
However looking at valuation ratios the stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0. Recently shares have been suggested as BUY from 19 and 0 issued SELL signal for the company's stock.4 told as a HOLD the stock.
In video, girl begs mother for quiet after Castile shooting
Authorities released the footage on Tuesday, just days after a Minnesota jury acquitted Mr Yanez on all charges in the shooting. Soon, she was heard wailing. "Then she finally got the help, and then you take her life in front of her children".
Georgia race finally heads to voters; DC watching closely
That's less than the margin of error and FiveThirtyEight's Nate Silver cautions that " Georgia 6 is a tough district to diagnose". Handel celebrated the early numbers with her supporters at an area hotel, saying she improved on her April primary performance.
Queen praises a country 'resolute in the face of adversity'
The Queen continued: 'As a nation, we continue to reflect and pray for all those who have been directly affected by these events. Queen Elizabeth II and senior royals have marked her official birthday in the annual Trooping the Color celebration.
Ford to build the Focus in China instead of Mexico
America's auto giant Ford company announced on Tuesday it plans to move its Focus production to China in 2019. Production of the current North American Focus at the Michigan Assembly Plant continues through mid-2018.