US New home sales rose 6.%7 in May. According to analysts from Wells Fargo, the rebound took place behind low inventory. Key Quotes: “New home sales rose 6.7 percent in May to a 689,000-unit pace. The gain follows a 3.7 percent drop in April. Sales of homes not yet started jumped 17 percent on the month.” “Persistently low inventories of existing single-family homes are likely pushing buyers to new homes. Inventories of new homes are also tight but development is picking up.” “Both the median and average price of a new home fell in May, likely signaling increased sales of entry-level homes and the surge of new home sales in the relatively more affordable South.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Turkey’s relations with its Western partners to be further complicated – Standard Chartered FX Street 5 years US New home sales rose 6.%7 in May. According to analysts from Wells Fargo, the rebound took place behind low inventory. Key Quotes: "New home sales rose 6.7 percent in May to a 689,000-unit pace. The gain follows a 3.7 percent drop in April. Sales of homes not yet started jumped 17 percent on the month." "Persistently low inventories of existing single-family homes are likely pushing buyers to new homes. Inventories of new homes are also tight but development is picking up." "Both the median and average price of a new home fell in May, likely signaling increased sales of… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
