US New Home Sales Jump To Highest Level In 5 Years - Spokane, North Idaho News & Weather KHQ.com

US New Home Sales Jump To Highest Level In 5 Years

WASHINGTON (AP) - Americans snapped up new homes in June at the fastest pace in five years, a sign the housing recovery is strengthening.
    
The Commerce Department says sales rose 8.3 percent last month to a seasonally adjusted pace of 497,000. That's up from 459,000 in May, which was revised lower.
    
While sales are still below the 700,000 pace consistent with healthy markets, they have risen 38 percent in the past 12 months. That's the biggest annual gain since January 1992.
    
Housing has helped drive economic growth at a time when other parts of the economy have languished. While new-home sales make up only a small part of the market, each home built creates an average of three new jobs and spurs more spending at furniture and home supply stores.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Most Popular StoriesMost Popular StoriesMore>>

  • 2 bodies found in pickup truck near Washington highway

    2 bodies found in pickup truck near Washington highway

    Thursday, May 25 2017 8:04 PM EDT2017-05-26 00:04:42 GMT
    2 bodies found in pickup truck near Washington highway2 bodies found in pickup truck near Washington highway

    WENATCHEE, Wash. (AP) - The bodies of a man and woman have been found in a pickup truck near a Washington highway. KCPQ-TV reported Wednesday that the Chelan County Sheriff's Office says it appears someone had been trying to conceal the vehicle. The deputy who went to the call had said someone attempted to conceal the truck with a blanket, duct tape and natural vegetation from the area. The bodies had been in the driver's seat and front passe...

    >>

    WENATCHEE, Wash. (AP) - The bodies of a man and woman have been found in a pickup truck near a Washington highway. KCPQ-TV reported Wednesday that the Chelan County Sheriff's Office says it appears someone had been trying to conceal the vehicle. The deputy who went to the call had said someone attempted to conceal the truck with a blanket, duct tape and natural vegetation from the area. The bodies had been in the driver's seat and front passe...

    >>
  • Young inventor from Post Falls appears on 'The Ellen DeGeneres Show'

    Young inventor from Post Falls appears on 'The Ellen DeGeneres Show'

    Thursday, May 25 2017 9:16 PM EDT2017-05-26 01:16:56 GMT
    Courtesy Ellen TVCourtesy Ellen TV

    POST FALLS, Idaho - A young inventor by the name of Alex Knoll made his big debut on 'The Ellen DeGeneres Show" Thursday. 12-year-old Alex is from Post Falls, Idaho and is the creator of an award-winning app. He developed Ability App to help improve the lives of those with disabilities by giving them resources to make informed decisions. On the talk show, Alex shared with Ellen stories of his hero and background on the app. Alex is 

    >>

    POST FALLS, Idaho - A young inventor by the name of Alex Knoll made his big debut on 'The Ellen DeGeneres Show" Thursday. 12-year-old Alex is from Post Falls, Idaho and is the creator of an award-winning app. He developed Ability App to help improve the lives of those with disabilities by giving them resources to make informed decisions. On the talk show, Alex shared with Ellen stories of his hero and background on the app. Alex is 

    >>
  • Woman's warning after she says a stranger followed her home

    Woman's warning after she says a stranger followed her home

    Thursday, May 25 2017 9:04 PM EDT2017-05-26 01:04:30 GMT

    SPOKANE, Wash. - One Spokane woman wants to warn people to be careful when they’re out by themselves after she says she had a run-in with a strange man. “He made the hairs on my neck stand up. He gave me a weird feeling,” she says. She didn’t want to be identified because she’s still afraid. She was out walking her dog near 55th and Freya when a man suddenly appeared very close to her “I looked up and he was right there,” she 

    >>

    SPOKANE, Wash. - One Spokane woman wants to warn people to be careful when they’re out by themselves after she says she had a run-in with a strange man. “He made the hairs on my neck stand up. He gave me a weird feeling,” she says. She didn’t want to be identified because she’s still afraid. She was out walking her dog near 55th and Freya when a man suddenly appeared very close to her “I looked up and he was right there,” she 

    >>
HD DOPPLER 6i
/
  • National NewsMore>>

  • Mad Minute stories from Thursday, May 25th

    Mad Minute stories from Thursday, May 25th

    Thursday, May 25 2017 5:38 PM EDT2017-05-25 21:38:39 GMT

    Here are the extended versions of the KHQ Local News 11 at 11 Mad Minute stories from Thursday, May 25th.

    >>

    Here are the extended versions of the KHQ Local News 11 at 11 Mad Minute stories from Thursday, May 25th.

    >>
  • Botulism outbreak seems limited to 1 nacho cheese bag

    Botulism outbreak seems limited to 1 nacho cheese bag

    Thursday, May 25 2017 11:52 PM EDT2017-05-26 03:52:51 GMT

    SAN FRANCISCO, Calif. (AP) - The Latest on a botulism outbreak linked to nacho-cheese dip sold at a California gas station (all times local):   4:35 p.m.  California health officials said a botulism outbreak linked to nacho-cheese sauce appears limited to an opened bag of the sauce.  The statement on Thursday comes after the state Department of Public Health found no traces of the toxin in another unopened bag of the sauce that was seized from the fue...

    >>

    SAN FRANCISCO, Calif. (AP) - The Latest on a botulism outbreak linked to nacho-cheese dip sold at a California gas station (all times local):   4:35 p.m.  California health officials said a botulism outbreak linked to nacho-cheese sauce appears limited to an opened bag of the sauce.  The statement on Thursday comes after the state Department of Public Health found no traces of the toxin in another unopened bag of the sauce that was seized from the fue...

    >>
  • President Trump to take travel ban to Supreme Court

    President Trump to take travel ban to Supreme Court

    Thursday, May 25 2017 11:38 PM EDT2017-05-26 03:38:02 GMT

    WASHINGTON, D.C. (AP) - The Latest on an appeals court ruling against the Trump administration's travel ban (all times local):   5:40 p.m.  Attorney General Jeff Sessions says the Justice Department will ask the Supreme Court to review an appeals court ruling that blocked President Donald Trump's travel ban.  The 4th U.S. Circuit Court of Appeals on Thursday ruled 10-3 against the travel ban. The decision bars the administration from suspending n...

    >>

    WASHINGTON, D.C. (AP) - The Latest on an appeals court ruling against the Trump administration's travel ban (all times local):   5:40 p.m.  Attorney General Jeff Sessions says the Justice Department will ask the Supreme Court to review an appeals court ruling that blocked President Donald Trump's travel ban.  The 4th U.S. Circuit Court of Appeals on Thursday ruled 10-3 against the travel ban. The decision bars the administration from suspending n...

    >>