The sale of new homes in the US shot up 17.5% in November

The sale of new houses in the country grew by 17.5% in November and remained at an annual rate of 733,000 units, its maximum level in 10 years, reported the Department of Commerce today.

Analysts had anticipated a pace of sale of new homes much lower, 654,000 units.

Last year’s annual rate was also 26.6% higher than that registered in November 2016.

New homes represent approximately 7% of the residential housing market in the US and are counted when the contract is signed, unlike the ones used, which are computed when the contract is executed, usually one month later.

According to the report, the average price of new housing stood at $ 318,700 last month, 1.2% more than a year ago.

As for the inventory of new homes put up for sale, it stood at 283,000 units in November, which at the current rate of sales would take 4.6 months to run out. (efeusa)


Please enter your comment!
Please enter your name here


A bridge collapses in Pittsburgh shortly before Biden’s visit to talk about infrastructure

At least ten people have been injured this Friday after the collapse of a bridge due to snow in Pittsburgh, in the western state...

Trump’s government will ask for authorization to deport unaccompanied minors

 Washington, .- The Government of Donald Trump will ask the US Congress authorization to deport unaccompanied minors arriving from Central America as one of...

Meyer throws solid and beats Nationals

Starter Alex Meyer pitched seven solid bouts and with two homers supporting the Los Angeles Angels' 7-0 victory over the Washington Nationals. Meyer (4-5) allowed...

Florida woman discovers alligators fighting at her home

Gators mate during May and June, wildlife agents say FORT MYERS, Fla. – A woman en route to get her morning coffee was jolted awake...

Taxi drivers consider New York budget a new blow to their pockets

The congestion charge included in the New York budget for 2019 is seen as a new blow to the finances of the emblematic yellow...