{"id":13701,"date":"2018-06-27T12:16:48","date_gmt":"2018-06-27T12:16:48","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=13701"},"modified":"2018-06-27T12:16:49","modified_gmt":"2018-06-27T12:16:49","slug":"new-home-sales-jump-to-highest-level-of-2018","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/new-home-sales-jump-to-highest-level-of-2018\/","title":{"rendered":"New-Home Sales Jump to Highest Level of 2018"},"content":{"rendered":"

New-Home Sales Jump to Highest Level of 2018<\/h1>\n

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New-Home Sales Jump to Highest Level of 2018<\/p><\/div>\n

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The month of May saw a record number of new-home purchases. Sales of newly built single-family homes increased 6.7 percent in May to a seasonally adjusted annual rate of 689,000 units, the Commerce Department reported Monday. It marks the highest number of new-home sales of the year and the second highest in sales since the Great Recession.<\/p>\n

\u201cSales numbers continue to grow, spurred on by rising home equity, job growth, and reports of a greater number of millennials entering the single-family housing market,\u201d says Randy Noel, chairman of the National Association of Home Builders.<\/p>\n

The inventory of new homes for sale was 299,000 in May\u2014a 5.2-month supply at the current sales pace. The median sales price for a new home last month was $313,000.<\/p>\n

\u201cWe saw a shift to more moderately priced home sales this month, which is an encouraging sign for newcomers to the market,\u201d\u00a0says Michael Neal, the NAHB\u2019s senior economist. \u201cSince the end of the Great Recession, inventory has tracked the pace of sales growth. While we expect continued gains in single-family housing production, inventory may be partially constrained by ongoing price increases for lumber and other construction materials.\u201d<\/p>\n

New-home sales posted the largest increase in the South last month, rising 17.9 percent month over month and reaching a post-recession high. Sales remained unchanged in the Midwest, while sales fell 10 percent in the Northeast and 8.7 percent in the West.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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National Association of Home Builders<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

New-Home Sales Jump to Highest Level of 2018   The month of May saw a record number of new-home purchases. Sales of newly built single-family homes increased 6.7 percent in May to a seasonally adjusted annual rate of 689,000 units, the Commerce Department reported Monday. It marks the highest number of new-home sales of the … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-13701","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nNew-Home Sales Jump to Highest Level of 2018 - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/new-home-sales-jump-to-highest-level-of-2018\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/new-home-sales-jump-to-highest-level-of-2018\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/new-home-sales-jump-to-highest-level-of-2018\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"New-Home Sales Jump to Highest Level of 2018\",\"datePublished\":\"2018-06-27T12:16:48+00:00\",\"dateModified\":\"2018-06-27T12:16:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/new-home-sales-jump-to-highest-level-of-2018\\\/\"},\"wordCount\":264,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/new-home-sales-jump-to-highest-level-of-2018\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2018\\\/06\\\/06272018.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/new-home-sales-jump-to-highest-level-of-2018\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/new-home-sales-jump-to-highest-level-of-2018\\\/\",\"name\":\"New-Home Sales Jump to Highest Level of 2018 - 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