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Economy Watch: Existing Home Sales Spike

Published June 21, 2013
Total existing-home sales rose 4.2 percent to an annualized rate of 5.18 million units in May from 4.97 million in April, and are 12.9 percent above the 4.59 million-unit pace in May 2012, according to the National Association of Realtors.

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Filed Under: Economy

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Editors' picks
  • A man behind a desk.
    Image attribution tooltip
    Win McNamee via Getty Images
    Image attribution tooltip

    PLA mandate to stay, with exemptions: OMB

    The Trump administration said that it supports the use of project labor agreements on federal construction projects when they are “practicable and cost effective.”

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  • Aerial view of flooded homes following Hurricane Harvey in Houston, Texas.
    Image attribution tooltip
    Win McNamee via Getty Images
    Image attribution tooltip
    Opinion

    New ASCE codes aim to provide vital flood protection

    The updated standards mark a major shift in approach for design and construction in flood hazard areas, according to a floodplain manager.

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