New-home sales see sharp decline in May

first_imgNew-home sales decreased 7.8 percent from April’s upwardly-revised 679,000 annualized units. NAFCU Research Assistant Dhruv Singh attributed the plunging figure to the rising impact of tariffs on material costs.“Average monthly sales through May are 3.7 percent lower than the average over the first five months of 2018,” Singh said. “The housing market continues to sag despite low mortgage rates and a supportive labor market. Homebuilder sentiment is down from its late-2017 peak, but remains elevated.“Fresh concerns over the impact of tariffs on materials costs weighed on the June index, however. Overall, NAFCU expects home sales to remain relatively flat through the rest of 2019,” Singh added.Sales increased in two of the four regions from a year ago: Sales in the Midwest increased 2.4 percent, followed by the South (+1.3 percent). The West posted a decline of 17.2 percent compared to a year ago, followed by the Northeast (-15.2 percent). continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more


Roundup

first_imgView Roundup in a larger mapThe following incidents were reported in the USC Dept. of Public Safety incident report summary between Tuesday, Feb. 19, and Friday, Feb. 22. Crimes against a personAt 10:17 p.m. on Feb. 22, a female student on 3036 Hoover St. reported receiving an annoying phone call from an unknown personAt 3:17 p.m. on Feb. 22, a student residing in the Pacific Apartments reported her roommates for continually failing to properly lock the apartment’s front door.At 11:59 p.m. on Feb. 21, a female student reported receiving annoying phone calls from her ex-boyfriend.at 11:45 p.m. on Feb. 20, DPS officers responded to a report of an intoxicated student when a security guard at West 27th Place Apartments was pushed while being confronted about breaking a bottle. The security guard did not desire criminal prosecution of the matter and the student was subsequently escorted from the premises.at 9:13 a.m. on Feb. 19, a faculty member reported that she sustained injuries to her hip and back when an unidentified subject on a skateboard collided with her while she was walking near the University Park Campus several weeks ago. The staff member did not report the incident at the time it occurred and sought medical treatment on her own. The staff member additionally stated that she was recently struck by a bicyclist on campus and the collision aggravated her condition. Crimes against propertyAt 2:11 p.m. on Feb. 20, a suspect removed a seat from a bicycle secured to a bike rack.at 11:59 a.m. on Feb. 19, a suspect walking past Chano’s snatched a student’s cellular phone from a counter where she had placed it while she paid for food. The suspect then fled on foot with a second suspect and disappeared from sight. DPS officers responded and conducted a search, but were unable to locate the suspects.Miscellaneous incidentsAt 2:11 a.m. on Feb. 22, a student was cited for underage drinking by Entrance Gate 1. The student was subsequently transported to his dorm room.At 7:07 p.m. on Feb. 21, DPS officers responded to a report of a suspect causing a disturbance at University Gateway Apartments. A check of the suspect’s name revealed three outstanding warrants. The suspect was arrested and transported to the LAPD 77th station for booking.at 10:54 p.m. on Feb. 20, DPS officers responded to an intrusion alarm activation at the Montgomery Ross Fisher Building School of Social Work and, upon searching the building, found a student inside a computer lab. the officers told the student of the reason for their response, and he acknowledged that he knew the lab was closed. The officers then told the student that he was not authorized to be inside the building and he left the premises.last_img read more