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
Sandvik Construction launches the newly developed CH540 cone crusher - the latest…
MORE FROM Aggbeat Online
SUBSCRIBE & FOLLOW
- MSHA issues citations to five metal/non-metal mines during impact inspections in February357 Views
- California woman killed when gravel truck tips over on her car208 Views
- Caterpillar intros 735C, 740C EJ, 745C articulated trucks with bevy of powertrain improvements (PHOTOS)164 Views
- Senate rejects amendment seeking to fund infrastructure by closing corporate tax loophole152 Views
- Wisconsin sand hauling company to lay off workers due to decreased frac sand demand128 Views