WASHINGTON New U.S. single-family home gross sales rose lower than expected in January, likely held back by heavy rains and flooding in California, but continued to level to a strengthening housing market regardless of increased costs and mortgage rates.
The phrase home can be used for varied varieties of residential community institutions by which individuals can stay, corresponding to nursing , retirement homes for seniors, foster homes , and so on. quotation needed Short-time period accommodation in a remedy facility for a number of weeks is unlikely to be thought of ‘home’. Separately, information agency IHS Markit mentioned its flash U.S. manufacturing purchasing managers’ index slipped to a studying of fifty two.1 in August from July’s nine-month excessive of 52.9. A reading above 50 signifies growth in the manufacturing facility sector.
Economists had forecast gross sales rising only 1.1 p.c to a pace of 5.54 million items in January. Home … Read more