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Tag: Tops

Pace of New Home Sales Tops 1 Million for First Time in 14 Years

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The housing market continued to boom in August, as low mortgage rates and pandemic-driven demand pushed new home sales above 1 million for the first time in 14 years.

Sales of new single-family homes rose 4.8% in August from July to a seasonally adjusted annual rate of 1.01 million, the Commerce Department said Thursday. Economists polled by the Wall Street Journal had expected a 0.3% decline to 898,000. August sales were 43% above the year-earlier level.

The new-homes data are volatile and August’s figures came with a margin of error of 10.5 percentage points. July sales were revised up to 965,000 from 901,000 initially.

Based on the current rate of sales, there is a 3.3-month supply of new homes, down from 4 months in July, 4.6 months in June and 5.4 months in May.

“Strong sales have depleted inventories of new homes for sales, which

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Why Granite Kitchen Counter Tops?

Many Americans have found that granite kitchen countertops are the ideal surface choice for their kitchen counter and islands. If you are like many Americans, chances are that you will be planning to do some remodeling of your kitchen in the near future, including replacing worn and outdated kitchen countertops. In years past you were limited to painted, vinyl-covered, or synthetic choices which would be susceptible to cracking, peeling, burns and other staining.

Fortunately, today’s modern home owner has the option of choosing to install granite kitchen countertops. Long used to enhance and beautify building exteriors, they have made it indoors with dramatic results. There are several benefits to choosing this natural stone counter top over types available in the past and even now. These include:

– granite counter tops add a sophisticated, luxurious appearance to any kitchen. Available in many colors, each and every piece of granite used for … Read More