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(单词翻译:双击或拖选)
America's battered1 housing industry is showing signs of life, according to new U.S. government statistics.
Home sales rising, but prices still slumping3
U.S. home sales recorded the largest monthly increase in more than eight years, rising 11 percent in June, according to the Commerce Department. It was the third consecutive4 month of rising sales.
Global Insight economist5 Nigel Gault says the sales jump is a welcome sign of improvement in an industry that has suffered its worst slump2 in decades.
"The signals, at least on the home sales front, are pretty clear. We hit bottom sometime during the first half of the year, and we are now on the uptrend," Gault said.
Even so, home values continue to decline. The median sales price in June was $206,000, down from $219,000 in May and $234,000 a year ago.
Nigel Gault says, over time, a revival6 of home sales will revitalize the entire industry.
"The housing market is stabilizing7. Sales are starting to pick up. And as a result, builders are also starting to increase their construction of new homes," Gault said.
From 2003 through 2007, a housing boom boosted the U.S. economy, spawning8 construction across the country and providing millions of American homeowners with equity9 that many used to finance everything from home improvements to new cars.
But the housing market crashed in 2008 amid a rash of mortgage defaults and home foreclosures that triggered last year's financial meltdown and helped send a faltering10 U.S. economy into a deep, prolonged recession.
1 battered | |
adj.磨损的;v.连续猛击;磨损 | |
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2 slump | |
n.暴跌,意气消沉,(土地)下沉;vi.猛然掉落,坍塌,大幅度下跌 | |
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3 slumping | |
大幅度下降,暴跌( slump的现在分词 ); 沉重或突然地落下[倒下] | |
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4 consecutive | |
adj.连续的,联贯的,始终一贯的 | |
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5 economist | |
n.经济学家,经济专家,节俭的人 | |
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6 revival | |
n.复兴,复苏,(精力、活力等的)重振 | |
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7 stabilizing | |
n.稳定化处理[退火]v.(使)稳定, (使)稳固( stabilize的现在分词 ) | |
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8 spawning | |
产卵 | |
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9 equity | |
n.公正,公平,(无固定利息的)股票 | |
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10 faltering | |
犹豫的,支吾的,蹒跚的 | |
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