** People rescuing an injured passenger from inside a passenger bus hit by a truck on Dhaka-Mawa Expressway in Shologhar area of Shreenagar upazila in Munshiganj on Thursday. ** Motorcycles allowed on Padma Bridge after 10 months ** Commuters charge extra fare, passengers disappointed ** 78 people killed in Yemen stampede ** Moon sighting committee meets today to ascertain Eid day ** 9 killed in road accidents in 3 districts ** US announces new $325 m military aid package for Ukraine ** Eid-ul-Fitr in Saudi Arabia today ** Eid exodus begins ** LPG price cut illusive ** 15 hurt as bus overturns in capital ** New interbank cheque clearing timings set for Eid holidays ** Four women hit by a train die in Tangail ** 12.28 lakh SIM users left Dhaka on Tuesday ** Sylhet engineer threatened over power outage ** People rush to village homes to spend Eid holidays with their near and dear ones. This photo was taken from Sadarghat Launch Terminal on Tuesday. NN photo ** Surge in cases of dehydration, diarrhoea amid summer heat wave ** Padma Bridge construction cost increases by Tk 2,412cr ** PM gives Tk 90m to Bangabazar fire victims ** Textile workers block highway demanding wage, Eid bonus ** Attack on PM's motorcade Ex-BNP MP, 3 others get life term ** Load-shedding increases for demand of electricity during heat wave ** Motorbikes to be allowed on Padma bridge from Thursday ** 5-day Eid vacation begins from today ** Take Nangalkot train accident as a warning about negligence of govt functionaries **

US new home sales highest in 7 months

25 March 2017 AFP, Washington

Sales of new US homes rose sharply in February, to their highest level in seven months, while the average price reached a new record, the Commerce Department reported Thursday.
The exceptionally tight housing market continued to push prices north, as the average price for a new single-family home saw the biggest increase in more than two years.
However, there were signs inventories finally began to pick up to meet strong demand from prospective homebuyers, with the stock of houses available for sale hitting the highest level since July 2009.
New single-family home sales in February posted their second consecutive monthly increase, to an annual rate of 592,000, seasonally adjusted, according to the report.
The result handily surpassed the consensus forecast for 560,000 homes sold in the month and was 6.1 percent above January's rate, the largest monthly increase since July.
February's sales rate were 12.8 percent higher than the same month last year.
The housing data follow industry figures released Wednesday showing that resales of existing homes cooled in February from a 10-year high, down 3.7 percent, but were still significantly higher than the same month of 2016.
Analysts say supply has badly lagged pent-up demand for homes that has built following the global financial crisis and recession, driving up prices.
Last month's gains were driven in large part by a 30.9 percent spike in the Midwest, with 89,000 new units changing hands, the highest level since November 2007.
The average price nationwide shot up 20.3 percent to $390,400, the highest ever recorded. However, the median sales price fell 3.9 percent to $296,200, marking a second monthly decline.
Inventories of new homes for sale rose 1.5 percent in the month to 266,000, the highest since July 2009.
And the number of new homes on the market that were either not yet started or still under construction hit their highest levels since 2008.

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