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

 · Sales of new single-family houses in the United States jumped 7.1 percent from the previous month to a seasonally adjusted annual rate of 713 thousand in August 2019, following a revised 8.6 percent slump in July and easily beating market expectations of a 3.5 percent increase. New home sales in the South rose 6 percent and those in the West soared 16.5 percent.

Sales of new homes in the US jumped in May, but. A home under construction in florida nationwide sales of new homes soared in May, thanks almost entirely to activity the South. Purchases of new single-family homes rose 6.7 percent last month to a seasonally adjusted annual rate of 689,000, according to the Commerce Department.

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The median price of new homes put under contract in May was $282,000, up 4.6% from April and up 6.9% from May 2013. There was a 4.5-month supply of new homes on the market at the end of May, down.

That's slower than the second quarter's blockbuster 4.2 percent but puts the. Consumer spending jumped at a 4 percent rate in the July-September quarter – the. Overall growth may have been affected, in part, by Hurricane Florence, Sales of new homes fell 5.5 percent in September – the fourth.

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Nationwide sales of new homes soared in May, thanks almost entirely to activity the South. Purchases of new single-family homes rose 6.7 percent last month to a seasonally adjusted annual rate of.

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