May home prices increase 10.9 percent
Home prices in May saw an increase of 10.9 percent compared to the previous year, which according to a report from our sister site, Equipment World, was the biggest gain home prices have seen in seven years.
The data come from the Standard & Poor’s Case-Shiller home price index, which covers 20 U.S. cities.
According to the New York Times, the gain is due to several factors, including employment gains, as well as decreased home construction combined with increased demand.
For more details about May’s increased home prices, read the full story at EquipmentWorld.com.
From our partners
Developing a solid relationship with Demolition Technologies Specialized Services enables Crushing Tigers and Sandvik Construction to impact the demolition and…
MORE FROM Aggbeat Online
SUBSCRIBE & FOLLOW
- Caterpillar mining VP retires amid leadership shakeup1086 Views
- U.S. Concrete purchases a New Jersey aggregate operation363 Views
- Thieves derail train in Mexico to steal 70 tons of cement324 Views
- MSHA gives out $8.4 million to 47 states for mine safety and health training317 Views
- Four contractors compete for $1.1 billion I-285/GA 400 interchange project in Atlanta262 Views