Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

May U.S. New Home Sales at Fastest Pace Since July 2008
Jun 26, 2013
 Printable format
 Email this Article
 Search

May 2013 sales of new single-family houses were at a seasonally adjusted annual rate of 476,000, according to the United States Census Bureau--the fastest sales pace since July of 2008.

May 2013 sales were up 2.1% from the revised April 2013 rate of 466,000 and is up 29.0% from May 2012's 369,000.

The government put the May median sales price of new houses sold at $263,900 and the average sales price at $307,800.

The seasonally adjusted estimate of new houses for sale at the end of May 2013 was 161,000. This is a supply of 4.1 months at the current sales rate.

"Builders are reporting increased demand for new homes as buyers seek to take advantage of historically low mortgage rates while they remain so favorable," said Rick Judson, chairman of the National Association of Home Builders (NAHB) and a homebuilder from Charlotte, NC. "Consumers in markets nationwide are definitely becoming more confident about making a home purchase as firming prices and tighter inventories provide further evidence of the ongoing housing recovery."

"Today's report confirms that the improvement we have been seeing in housing markets over the past year continues to take place at a gradual and steady pace," said NAHB Senior Economist Robert Denk. "We expect to see more of this positive momentum in the coming months, tempered by the caution that builders are exercising to avoid getting ahead of demand along with ongoing constraints they face with regard to the availability of credit, materials, lots and labor."

Back to Daily News

 

Daily News

...........................................................

Sep 24, 2014: Haier becomes first refrigerator maker to offer a lifetime compressor warranty

Sep 24, 2014: New condensing dishwasher from Whirlpool's plant in Wroclaw, Poland

Sep 24, 2014: Index points to growth in consumer spending on tech products in remaining months of 2014

Sep 24, 2014: Manufacturing technology orders down in July

Sep 23, 2014: Shipments and placements of new manufactured homes up in July

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows