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Sales of new homes in the US rose in May, taking into account seasonal fluctuations of 6.7% compared to April, and reached the highest level since November 2017 at 689 thousand units, the country's Ministry of Trade reported. Economists had expected sales to increase by only 0.7%. Compared with May last year, sales of new homes in the US increased by 14.1%. In the South, the indicator increased by 17.9% to the highest level since July 2007, at 409,000 units. In the Northeast, sales fell by 10%, in the West, the fall was 8.7%. The average price of the house was $313,000, decreased by 3.3% year-on-year. The number of houses in the market grew in May by 1% compared with April.
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
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