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US – May new home sales
24/06/2017 08:55 am MYT
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New home sales in May rose 2.9%, month-on-month, and 8.9%, year-on-year, to a seasonally adjusted annual rate (SAAR) of 0.610 mln units – see figure 1. The inventory of unsold homes rose to a SAAR of 0.268 mln units in May. The inventory level is equivalent to 5.3 months of supply at the current sales pace. Year-on-year, the average selling price of new homes jumped by 16.1% to US$406,400, while the median selling price of new homes jumped by 16.8% to US$345,800.

 

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As extreme and unpredictable weather conditions increase in frequency, the impact of climate change has become more apparent and will become even more so in future. Therefore, it is not surprising that in a recent international survey, over half of 16- to 25-year-olds reported feeling very or extremely worried about climate change. While it is easy to feel small before such a great challenge facing the earth, any positive action, no matter how small, by individuals collectively, can bring significant positive impact to our delicate environment. So, instead of feeling despair and doing nothing, everyone can contribute to improving the situation by doing small things like picking up the rubbish on our way to work, use recycle bags instead of plastic bags when shopping, not to let the tap water run while brushing our teeth, etc. Just start committing to small positive changes now and encourage others to do so.
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