Housing Wed, Mar 23, 2016 10:24 AM
US homes sales reached their highest level for more than two years in August, figures show.
Sales rose 7.8 % to a seasonally adjusted annual rate of 4.82 million, this is the biggest increase since May 2010.
The figures support the picture of an improving US housing market, although the number of first-time buyers fell back from 34% to 31%.
Improvement in the housing market overseas should have a beneficial impact back home in Britain.
National Association of Realtors' chief economist, Lawrence Yun, said market conditions were looking up.
"The housing market is steadily recovering with consistent increases in both home sales and median prices," he said.
"Inventories in many parts of the country are broadly balanced, favouring neither sellers nor buyers."
Featured News
Situated in East London’s Royal Docks, The Silverton is a development of 1-, 2- and...
For UK social housing providers, the challenge of maintaining indoor air quality and...
BUILDING PRODUCT LIBRARY - LATEST BROCHURES
2026 Product Brochur...
By The Radiator Compan...
System for Laying Fl...
By FassaFloor
Training for Excelle...
By Aico
The Connected Home S...
By Aico
Safety First, Aico F...
By Aico
BUILDING PRODUCT DIRECTORY - LATEST PRODUCTS
Partition wall systems made of glass allow transparent room partition. They open, divide and...
Water repellent cement-based sealant for grouting joints from 2 to 12 mm, resistant to mould and...
Two-component elastic cement membrane, quick drying even at low temperatures, for waterproofing and...
CONSTRUCTION VIDEOS - LATEST VIDEOS
Struggling with weak showers and inconsistent flow? The DAB EsyBox Pop is the revolutionary,...