US new home sales rise 5.4% in July
On a yearly basis, meanwhile, new home sales rose 25.8% in July compared with the same month of 2014. A stronger labor market that resulted in an increase in confidence among Americans and encouraged young adults to move into their own homes were cited as the main factors behind the increase.
New home sales in the Northeast rose 23.1%, hitting the highest level seen since May 2014 while new home sales declined 6.9% in the Midwest. In the South and West, sales were up by 6.7% and 5.8% in July, respectively.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Initial ABS prices for July see larger increases than PS in Europe
- Supply constraints spark stronger PE trend than PP in global markets
- ABS, PS uptrend falters in China after H1 2020 ends at multi-month highs
- Stats: China’s total PP imports spike in May; Vietnam and India’s rising shares shine out
- Tight supply drives HDPE, LLDPE gains in Southeast Asia
- European PE markets set for 2nd bullish month on rising costs
- Turkey’s PP and PE markets propelled to a firm start to H2 despite vulnerable conditions
- Asian PVC sees V-shaped recovery in Q2, what will Q3 bring?
- Will capacity additions cast cloud on ethylene upsurge in Asia?
- US PVC offers in Egypt rise steadily but resistance grows in tandem