Post by account_disabled on Mar 13, 2024 0:28:52 GMT -6
Sales of new homes in the United States registered a growth of 12.2% in May compared to the previous month and 20% above the figure for the same month last year , up to an annualized figure of 763,000 homes. This is the highest since February 2022.
According to data published by the statistical office of the Department of Commerce, the median price of new homes stood at $416,300 (381,665 euros) in May, 7.6% less than a year earlier, while the average price was 487,300 dollars (446,758 euros), 6.5% less.
For its part, in seasonally adjusted figures, the Phone Lead number of new homes for sale at the end of May was 428,000 units, which would be enough to cover 6.7 months of demand at the current sales rate.
In addition to the sales of new homes, another figure that improves is the number of homes started and finished in the world's leading power.
According to the Department of Housing and Urban Development, in May the annualized volume reached 1.63 million units, which represents an increase of 21.7% compared to the previous month and 5.7% more than a year before , as well as the best figure in 13 months. For its part, the number of homes completed in May totaled an annualized total of 1,518 million, 9.5% more than in April and 5% more than in May 2022.
What is also seeing increases is house prices, which have risen 1.6% from their January low , and homebuilder share prices have performed twice as well as the housing market. values in general.
And economists expected a bloodbath in housing prices in the US market. In March 2022, when the Federal Reserve began raising interest rates to combat resurgent inflation, the median home value was 41% higher than five years earlier. Prices had recovered from the 2007-09 financial crisis, then soared during the Covid-19 pandemic. Since then, official central bank interest rates have risen by more than three percentage points on average around the world, making mortgages more expensive and slowing the economy.
Currently, the price of money is in the 5%-5.25 % range, after the Federal Reserve made a stop in its restrictive monetary policy at its meeting on June 14, although it does not rule out resuming the increases in types in the remainder of the year.
According to data published by the statistical office of the Department of Commerce, the median price of new homes stood at $416,300 (381,665 euros) in May, 7.6% less than a year earlier, while the average price was 487,300 dollars (446,758 euros), 6.5% less.
For its part, in seasonally adjusted figures, the Phone Lead number of new homes for sale at the end of May was 428,000 units, which would be enough to cover 6.7 months of demand at the current sales rate.
In addition to the sales of new homes, another figure that improves is the number of homes started and finished in the world's leading power.
According to the Department of Housing and Urban Development, in May the annualized volume reached 1.63 million units, which represents an increase of 21.7% compared to the previous month and 5.7% more than a year before , as well as the best figure in 13 months. For its part, the number of homes completed in May totaled an annualized total of 1,518 million, 9.5% more than in April and 5% more than in May 2022.
What is also seeing increases is house prices, which have risen 1.6% from their January low , and homebuilder share prices have performed twice as well as the housing market. values in general.
And economists expected a bloodbath in housing prices in the US market. In March 2022, when the Federal Reserve began raising interest rates to combat resurgent inflation, the median home value was 41% higher than five years earlier. Prices had recovered from the 2007-09 financial crisis, then soared during the Covid-19 pandemic. Since then, official central bank interest rates have risen by more than three percentage points on average around the world, making mortgages more expensive and slowing the economy.
Currently, the price of money is in the 5%-5.25 % range, after the Federal Reserve made a stop in its restrictive monetary policy at its meeting on June 14, although it does not rule out resuming the increases in types in the remainder of the year.