Property News · July 27, 2017

US new home sales climb in June to three month high but prices come off record levels


Sales of new US homes rose slightly in June, hitting their highest level in three months, as demand for housing remained stiff, according to government data released on Wednesday.
But prices retreated from an all-time high and supplies rose, suggesting new construction could be offering some relief to what has been an exceedingly tight market, according to the Commerce Department report.
Sales of new homes rose 0.8 per cent for the month to an annual rate of 610,000, seasonally adjusted,…

Source : South China Morning Post
Read more…US new home sales climb in June to three month high but prices come off record levels