• Mon, Mar 2, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

25 June 2025 21:30  |

US New Home Sales Plunge the Most in 3 Years

Sales of new single-family homes in the United States plunged by 13.7% from the previous month to a seasonally adjusted annualized rate of 623,000 units in May of 2025, erasing the downwardly revised 9.6% increase in the previous month.

The result was sharply below expectations that sales would be just under 700,000 units to reflect the sharpest decline since June of 2022, as higher mortgage rates and uncertain economic conditions drove households to wait before buying homes.

New home sales sank in the South (-21% to 349,000), the West (-5.4% to 159,000), and the Midwest (-7.1% to 78,000. The median home price rose by 1.4% to 507,000, representing 9.8 months of supply at the latest sales pace.

Source: Trading Economics

Related News

GLOBAL ECONOMY

Trump Vows to 'immediately' Negotiate for End to Ukraine ...

President Donald Trump announced Wednesday he and Russia's leader agreed in a phone call to “immediately” begin negotiati...

13 February 2025 12:25
ECONOMY

Australia Unemployment Rate Rises To 4.1%

Australia's Unemployment Rate rose to 4.1% in January from 4.0% in December, official data released by the Australian Bureau ...

20 February 2025 07:46
GLOBAL ECONOMY

Breaking: US Nonfarm Payrolls rise by 143,000 in January vs...

Nonfarm Payrolls (NFP) in the US rose by 143,000 in January, the US Bureau of Labor Statistics (BLS) reported on Friday. This...

7 February 2025 20:40
GLOBAL ECONOMY

Canada To Announce C$29.8 Billion In Retaliatory Tariffs Ag...

Canada will announce C$29.8 billion in retaliatory tariffs against the United States on Wednesday in response to U.S. Preside...

12 March 2025 18:54
BIAS23.com NM23 Ai