Utah People's Post

The Latest News from the Beehive State

Thursday, May 26, 2022
Log in
  • National News
    • Female Caseworker Killed & Doctor Shot in Philadelphia
  • State News
    • Car Chase Leads to Drug Arrest
  • Tech & Science
  • Health
    • How to Prepare For Ticks Season
    • Magical Weight Loss Bean Scam
  • Sports
  • Business
You are here: Home / Business / US Real Estate Recovers as sales of new Homes rose 6.4 percent in April

US Real Estate Recovers as sales of new Homes rose 6.4 percent in April

May 24, 2014 Posted by Editor

After witnessing a slump in straight two months, the sales of new homes in the United States have seen a recovery in April.

According to the US Department of Commerce, sales of new homes rose 6.4 percent in April at a seasonally adjusted annual rate of 433,000.

In March, purchases fell 6.9 percent with an upwardly revised annual pace of 407,000.

In February, buying had dropped 4.4 percent in America. The possible reason behind this may be winter snowstorms.

According to the analysts, even if April was a good month for housing sector, Americans were seen l buying new homes at a slower pace than they did a year ago. Sales of new homes are going at about half the rate of a healthy real-estate market. Higher prices and mortgage rates over the past year have contributed in the decline of many would-be buyers.

US New Home Sales

Nearly five-year after the Great Recession, the demand for newly built homes remains a cause of concern. Analysts say a lack of affordability may have limited buying across the country.

BNP Paribas economist Yelena Shulyatyeva says, “47.4 percent increase in midwest sales likely came from the start of the spring buying season and that similar levels of growth are not likely to continue.”

Facts and Figures

  • New-home sales have declined 4.2 percent over the past 12 months.
  • The median sales price, which can be volatile, fell a slight 2.1 percent during the past month to USD 275,800.
  • Home sales growth over the past year has occurred primarily among homes worth more than USD 750,000.
  • Buying fell during the same period for homes worth less than USD 250,000, which make up the majority of all purchases.
  • The home ownership rate was 64.8 percent at the start of the year, down from a peak of 69.2 percent during 2004.

 

Share this:

  • Tweet
  • Share on Tumblr

Filed Under: Business Tagged With: 6.4 percent, April, home sales in US, Real Estate, United States, US mortgage, US new home sales, US real estate

Woman working out at the gym

Just 23% of Americans Are Working Out Enough in Their Spare Time

June 29, 2018 By Amelia Donovan

Poliovirus Therapy Gives Brain Cancer Patients New Hope (Study)

June 29, 2018 By Amelia Donovan

United Airlines airplane

Passenger Mysteriously Dies on United Airlines flight Bound for Boston

June 28, 2018 By Amelia Donovan

Breakfast sandwich

Here Are Some Foods No Nutritionist Would Ever Eat

June 27, 2018 By Amelia Donovan

Poppy flower

UN Warns of Surge in Opium-based Drugs and Cocaine Supply

June 27, 2018 By Amelia Donovan

U.S.-Canada border

French Jogger Detained 2 Weeks for Accidentally Crossing Border

June 26, 2018 By Amelia Donovan

Plus size model

Normalizing Plus Size Could Fuel Obesity Crisis (Study)

June 25, 2018 By Amelia Donovan

Giant manta ray

Unique Manta Ray Nursery Spotted off Texas Coast

June 23, 2018 By Amelia Donovan

The rainbow flag

WHO Scraps Transgenderism from List of Mental Illnesses

June 22, 2018 By Amelia Donovan

456 People Dead at U.K. Hospital after Taking too Many Painkillers

June 21, 2018 By Amelia Donovan

Kenyan girls dancing

Kenyans Facing Poor Nutrition as Supermarket Shopping Is on the Rise

June 20, 2018 By Amelia Donovan

Pages

  • About
  • Contact
  • Privacy Policy GDPR
  • Staff
  • Terms and Conditions

Recent Posts

  • Just 23% of Americans Are Working Out Enough in Their Spare Time
  • Poliovirus Therapy Gives Brain Cancer Patients New Hope (Study)
  • Passenger Mysteriously Dies on United Airlines flight Bound for Boston
  • Here Are Some Foods No Nutritionist Would Ever Eat
  • UN Warns of Surge in Opium-based Drugs and Cocaine Supply
  • French Jogger Detained 2 Weeks for Accidentally Crossing Border
  • Normalizing Plus Size Could Fuel Obesity Crisis (Study)

Related Articles

  • Passenger Mysteriously Dies on United Airlines flight Bound for Boston

    Jun 28, 2018
  • Fishing boat in the Atlantic Ocean

    U.S. Seafood Dealer Lied About Fish Being Caught in U.S.

    Jun 14, 2018
  • Tesla car on the road

    Tesla’s Autopilot Software To ‘Nag’ Drivers to Keep Hands on Wheel

    Jun 12, 2018
  • Mexico Slaps Tariffs on U.S. Steel, Pork, and Bourbon

    Jun 6, 2018
  • Dairy cows on a pasture

    Kentucky Milk Plant Closes after Losing Contract with Walmart

    Jun 4, 2018
  • Tesla founder Elon Musk

    Elon Musk Upset About Latest Tesla Crash Being ‘Front Page News’

    May 16, 2018
  • Orange juice bottles on Whole Foods shelves

    Amazon to Roll Out New Prime Perks for Whole Foods Shoppers

    May 2, 2018
  • U.S. Liquor Store

    Alcohol Sales on Sunday No Longer Banned in Indiana

    Mar 5, 2018
  • Bitcoin coins on 100-dollar bills

    Iran Unveils Its First National Cryptocurrency

    Feb 23, 2018
  • Transavia Airlines plane taking off

    Man on Plane who Wouldn’t Stop Farting Causes Emergency Landing

    Feb 19, 2018

Categories

  • Business
  • Entertainment
  • Health
  • National News
  • Nature
  • Provo
  • Salt Lake News
  • Science
  • Sports
  • State News
  • Tech & Science
  • Technology
  • Uncategorized
  • West Jordan
  • West Valley City
  • World

Copyright © 2022 utahpeoplespost.com

About · Privacy Policy · Terms of Use · Site Map · Contact