Southern States See New Home Sales Rise
Increase in sales contributed to the 6.7% increase in new home sales in May 2018 reaching a seasonally adjusted annual rate of 689,000. In the south region, U.S. Census Bureau and the U.S. Department of Housing and Urban Development report that sales rose the highest in the South at 17.9%.
While the sales rose in the South, they dropped in other parts of the country. In the Northeast new homes sale dropped by 10% the month of May 2018 and 8.7% in the West. Overall, sales nationwide are 8.8% ahead of the reports from this time last year.
New home sales and new home inventory are both recovering at a close and steady pace. Reports show that the sales of new homes are keeping up with the reported post-recession high of 712,000 in November 2017.
The three sub-indexes (single-family sales in the present, single-family sales over the next 6 months, and traffic of prospective buyers) are reported at or above 50 according to the NAHB/Wells Fargo Housing Market Index (HMI). This factor has contributed to the positive outlook builders’ now have on the residential construction industry.
New home sales can give credit to the job growth and expanding housing equity, as well as the millennials entering the home-buying market.
Beauty and the Beast, July 12 – 22, 2018
Come enjoy the play based off of the award winning film, Beauty And The Beast in Kenner.
Beauty and the Beast
Rivertown Theaters
325 Minor Street
Kenner, LA 70062
July 12 – 22, 2017
Thursday 7:30pm
Friday 7:30pm
Saturday 2pm & 7:30pm
Sunday 2pm
Tickets $36 – $40
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Trolls The Musical, July 19 – 22, 2018
The Trolls led by King Peppy is playing in Slidell.
Trolls
Cutting Edge Theater
767 Robert Blvd
Slidell, LA 70458
July 19 – 22, 2018
Every Friday and Saturday 8pm
Tickets $15 – $22
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Hair The Musical, July 27 – August 19, 2018
Enjoy rock music tributes in Hair playing in Slidell.
Cutting Edge Theater
767 Robert Blvd
Slidell, LA 70458
July 27 – August 19, 2018
Every Friday and Saturday 8pm
Tickets $25 – $32
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Red Beans & Rice Cook-Off, July 30, 2018
This is the 9th year for this annual cook-off in Covington.
St. Scholastica Academy Gym
122 S. Massachusetts St.
Covington, LA 70433
July 30, 2018
11am – 2pm
Tickets: $10.00.
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