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US – Jun new home sales
27/07/2016 09:30 am MYT
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New home sales in Jun rose 3.5%, month-on-month, and 25.4%, year-on-year, to a seasonally adjusted annual rate (SAAR) of 0.592 mln units – see figure 1. The inventory of unsold homes rose to a SAAR of 0.244 mln units in Jun. The inventory level is equivalent to 4.9 months of supply at the current sales pace. The average and median selling prices of new homes rose by 8.8% and 6.1%, year-on-year, to US$358,200 and US$306,700 respectively.

 

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Note from Publisher
Despite being a multi-racial, multi-cultural, and multi-religious society, Malaysia has largely been a peaceful country. This is a great achievement in light of a world that is being ravaged by multiple conflicts. Unfortunately, certain individuals and groups have hated this precious social fabric of the country and are making every effort to tear it apart. People say “you never know what you have until you lose it”. We really hope these selfish and irresponsible people will come to their senses before it is too late.

Nevertheless, it is heartening to see that the Malaysian media and civil society organisations have collectively launched a campaign called “Maaf Zahir Batin Hari Hari” or known as #MZB365 to help heal a dividing Malaysia. Carrying the meaning of “please forgive my wrongs, both thoughts and deeds”, the campaign will run for one whole year. This initiative could not have come at a better time. We believe the majority of Malaysians still treasure the country’s unique social fabric. With #MZB365, hopefully the silent majority can have a bigger voice to counter the destructive noises of the divisive minority.
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