Sharp increase in the sales of new buildings was observed in the US in May

Sales of new homes in the US rose in May, taking into account seasonal fluctuations of 6.7% compared to April, and reached the highest level since November 2017 at 689 thousand units, the country's Ministry of Trade reported. Economists had expected sales to increase by only 0.7%. Compared with May last year, sales of new homes in the US increased by 14.1%. In the South, the indicator increased by 17.9% to the highest level since July 2007, at 409,000 units. In the Northeast, sales fell by 10%, in the West, the fall was 8.7%. The average price of the house was $313,000, decreased by 3.3% year-on-year. The number of houses in the market grew in May by 1% compared with April.

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