Price Gap Narrows Between Existing and New US Homes
The gap in prices between new and existing homes narrowed in the first quarter of the year, driven by factors such as tight inventory and elevated mortgage rates, the National Association of Home Builders (NAHB) said in a June 2
'The median price for a new single-family home sold in the first quarter of 2025 was $416,900, only $14,600 above the existing home sale price of $402,300,' NAHB said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 minutes ago
- Yahoo
GWM Returns After a Decade to Clinch Taklimakan Rally Production Title
AKSU CITY, China, June 06, 2025--(BUSINESS WIRE)--At the final stage of the 2025 Taklimakan Rally, GWM reclaimed the Production Class championship after a decade, once again demonstrating its dominance in the off-road segment. This year, GWM competed with both internal combustion and new energy vehicles, not only continuing the legacy of its legendary diesel-powered models, but also setting a new performance benchmark in the electrified off-road category with its Hi4 series PHEV technology—raising the global profile of Chinese automotive brands in the world of rally racing. A Taklimakan Rally standout, the GWM HAVAL H9 Diesel dominated the T2.1 production class with its 2.4T engine, 9-speed automatic transmission, and triple locking differentials. Its TOD intelligent four-wheel-drive system and electronic axle locks delivered optimal torque across tough terrain. The GWM TANK Hi4 Team claimed the T2.E Production New Energy Manufacturer Championship, showcasing the strength of PHEV technology in extreme off-road conditions. Powered by GWM's groundbreaking Hi4 system—the world's first dual-motor distributed 4WD—it delivers a unique balance of 4WD performance and 2WD efficiency. From winning the championship in 2015 to the full-scale breakthrough of Hi4-PHEV technology in 2025, GWM has spent a decade evolving from an internal combustion engine performance benchmark to a leader in new energy off-road mobility. In this year's Taklimakan Rally, GWM HAVAL, GWM TANK, and GWM POER product lineups collectively secured 12 honors, including the Production Class Manufacturer's Cup, overall championship titles, and multiple stage victories. With the mass production of Hi4 technology in models like the GWM TANK 300 Hi4-T and TANK 500 Hi4-Z, GWM is redefining off-road culture for the new energy era. This advanced system brings four-wheel-drive performance at two-wheel-drive prices, and will soon expand across more models—making off-road capability more accessible than ever. This championship victory marks the maturation of GWM's "All-powertrains, All-scenarios, All Users" technology strategy. By testing its mass-produced vehicles on the rally field, GWM leverages its championship-grade quality to expand its presence in the global off-road market. Looking ahead, the company will continue to anchor its development in user needs, delivering more products that can endure extreme challenges—driving the rise of "intelligent manufacturing in China" across the world's toughest landscapes. View source version on Contacts Carol Wang, globalmarketing@
Bloomberg
9 minutes ago
- Bloomberg
BofA's Hartnett Says Stocks Are Close to Setting Off Sell Signal
Global stocks are close to triggering a sell signal as both fund inflows and the market breadth are running too hot, says Bank of America Corp. strategist Michael Hartnett. He cited a data point that stock and high-yield bond inflows have totaled 0.9% of fund managers' overall assets in the past four weeks. In his view, investors should sell if the ratio increases to more than 1%.
UPI
9 minutes ago
- UPI
Trump threatens to cut Musk government contracts amid agenda bill spat
Tesla CEO Elon Musk and President Donald Trump hold a press conference in the Oval Office at the White House on Friday as Musk ends his tenure as director of the Department of Government Efficiency. Photo by Francis Chung/UPI | License Photo June 5 (UPI) -- President Donald Trump on Thursday threatened to cut Elon Musk's government contracts through Tesla amid his departure from his role cutting government spending and opposition to Trump's sweeping legislative agenda bill. Trump threatened to end all government contracts with the Musk-founded Tesla in a post on Truth Social and suggested that would be a fast way to reduce government spending. "The easiest way to save money in our budget, billions and billions of dollars, is to terminate Elon's governmental subsidies and contracts," Trump wrote. Tesla share prices declined by more than 14% on Thursday and shed $152 billion in value from the EV maker. Trump on Thursday accused Musk of going "crazy" after the president canceled the federal electric vehicle mandate imposed by the Biden administration. "I took away his EV mandate that forced everyone to buy electric cars that nobody else wanted," Trump said in a Truth Social post on Thursday. "He just went crazy!" Trump said he asked Musk to leave his advisory position with DOGE, although Musk was scheduled to exit the position at the end of May. Musk earlier said Trump would not have won the Nov. 5 election without his help. He contributed an estimated $250 million to Trump's campaign effort. "Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate," Musk said Thursday morning in a post on X. Musk has criticized the proposed "one big, beautiful" federal government budget bill as increasing the nation's debt and negating his work with DOGE. The entrepreneur opposes the spending bill that the House has passed and is before the Senate because it removed tax credits and subsidies for buying EVs, Trump claimed. "I don't mind Elon turning against me, but he should have done that months ago," Trump said in a subsequent Truth Social post on Thursday afternoon. "This is one of the greatest bills ever presented to Congress," he continued. "It's a record cut in expenses, $1.6 trillion dollars, and the biggest tax cut ever given." If the measure is not passed, Trump said it will trigger a 68% tax increase, "and things far worse than that." The president said the "easiest way to save money ... is to terminate Elon's governmental subsidies and contracts" with Tesla. Later on Thursday, Musk in an X post said it is "time to drop the really big bomb" on the president. Trump "is in the Epstein files," Musk said. "That is the real reason they have not been made public." Musk did not say in what context Trump allegedly appears in the Epstein files, but ended his post with: "Have a nice day, DJT!" He made a subsequent post that asks: "Is it time to create a new political party in America that actually represents the 80% in the middle?" Trump and Musk often appeared together at high-profile events in the first four months of the administration.
