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.
MORE FROM Aggbeat Online
SUBSCRIBE & FOLLOW
- Vulcan Materials names new president and CEO724 Views
- Safety alert: Bright future cut short after drowning500 Views
- 3-year-old takes a turn as quarry foreman402 Views
- Bluff Spring Fen: Rare collaboration awarded for gorgeous restoration274 Views
- Lawsuit filed against directors of Martin Marietta260 Views