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

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US new-home sales jumped 6.2 percent in October. Facebook; Twitter;. The average sales price of a new home jumped 13.6 percent over the past 12 months to $400,200.. This material may not be.

New-home sales soared in May, but the gains simply put the market back on track to match last year’s overall pace, rather than signaled a significant momentum gain. Home builders, economists and.

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Sales of new single-family houses rose sharply in May, an encouraging sign for the housing market as it continues to be plagued by a lower-than-normal inventory of available homes. In its monthly.

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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.

WASHINGTON – Sales of new U.S. homes jumped last month to the highest level since October 2007, a sign that Americans – unable to find existing homes – are turning to new construction.

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. That’s much higher than the 0.9 percent expected by economists, according to the Wall Street Journal.