May new home sales gain 2.2% from April

May new home sales gain 2.2% from April

But the new tariffs will hit. expansion plans. Home sales have fallen as high prices have kept many people out despite the benefits of low mortgage rates and job gains. Sales of existing homes have.

NEW YORK (CNNMoney) — In a sign that the U.S. housing market is recovering, home prices rose for the second straight month in May, according to an industry report issued Tuesday. Home prices climbed 2.2% compared with a month earlier, according to the S&P/Case-Shiller 20-city home price index.

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Homebuilding stocks have received a much-needed boost this week after solid quarterly earnings reports from leading industry players and encouraging economic data showing an improvement in new home.

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US home sales dip 2.2% in October. The overhang of unsold homes has curtailed construction of new homes. The Commerce Department reported last week that construction of new homes fell by 11.7.

The numbers: U.S. pending home sales. May. The reading missed the Econoday forecast of a 0.6% increase. The index was 2.2% lower than a year ago. That’s the fifth straight month of negative annual.

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Sales are up 4.3% from a year ago. Sales fell in the South, West and Midwest, but rose in the Northeast. The months’ supply of new homes (how long it would take to sell all the homes in inventory) rose to 6.4 months in July from 5.5 months in June. The gain was due to both the slower pace of sales and an increase in

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May new home sales gain 2.2% from April Sales of new single-family houses in May 2015 were at a seasonally adjusted annual rate of 546,000, Read more See more

Economists polled by Reuters had forecast existing home sales slipping 0.2% to a rate of 5.33 million units in June. Existing home sales, which make up about 90% of home sales, decreased 2.2. May.

A robust real estate industry. August with a 4.9% gain from year earlier, versus July’s 6.6% rise, Reuters calculations.

Through the first half of the year, purchases of new homes have increased just 2.2% compared with the same period last year. The small increase, along with a drop in existing home sales in June.

Prices rose even as home sales fell and mortgage rates climbed. Sales of existing homes dropped in April and May and are now. The smallest gains were in Chicago, up 3 percent; Washington, D.C., up.

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