- Nuclear Accident in Illinois; Guards say Shelter in Place; Honeywell it all Stayed on Site
- OP-ED: Break-ups, Rejections and School Shootings: Educate Youth for Resiliency
- Conspiracy Alleged in Energy Worker Exposure at Hanford, Portsmouth
- Over the Highway and to the Trench Contaminated Huntington Materials Exposed Many
- MILITARY-INDUSTRIAL COMPLEX: Defense Dept. Contracts for Oct. 29, 2014
- New Gaming Arcade Business Opening in Downtown Huntington
- Huntington Man Arrested for Crack Cocaine Delivery
- A License to Steal, Kill, Cover Up and Do it All Over Again
- MILITARY-INDUSTRIAL COMPLEX: Defense Dept. Contracts for Oct. 28, 2014
- Precautionary Boil Water Advisory Issued for Customers in Barboursville – Advisory Revised to Include New Areas
U.S.: New Home Sales Down 8.1% in June
“The numbers are a little disappointing, but May was unusually high and some pull back isn’t completely unexpected,” said Kevin Kelly, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Wilmington, Del. “Our surveys show that builders are confident about the future and we are still seeing a gradual upward trajectory in housing demand.”
“With continued job creation and economic growth, we are cautiously optimistic about the home building industry in the second half of 2014,” said NAHB Chief Economist David Crowe. “The increase in existing home sales also bodes well for builders, as it is a signal that trade-up buyers can move up to new construction.”
Regionally, new-home sales were down across the board. Sales fell 20 percent in the Northeast, 9.5 percent in the South, 8.2 percent in the Midwest and 1.9 percent in the West.
The median sales price of new houses sold in June 2014 was $273,500; the average sales price was $331,400. The seasonally adjusted estimate of new houses for sale at the end of June was 197,000. This represents a supply of 5.8 months at the current sales rate.