News Tag: home sales
June 22, 2010
The National Association of Realtors (NAR) has today revealed a surprise drop in sales of previously owned homes in the US for the month of May, despite the Government tax credit designed to entice homebuyers.
The industry body said sales fell 2.2% in May to an annual rate of 5.66 million units, up from a revised 5.79 million units ...
NAR reports fall in US home sales in May
by Kay Murchie
May 25, 2010
US consumer confidence rose in may, despite fears about the debt crisis in the euro zone.
The closely-monitored Consumer Confidence Index from the Conference Board rose for the third consecutive month to 63.3 in May, up from 57.7 the previous month.
However, despite the rise, the index still remains far away from the 90 points required to show that the world’s largest ...
US consumer confidence up in May
by Kay Murchie
May 24, 2010
The National Association of Realtors (NAR) has today revealed a rise in sales of previously owned homes in the US for the month of April, boosted by the expiration of a Government tax credit, which ended last month.
The industry body said sales surged 7.6% in April (a five-month high) to an annual rate of 5.77 million units, up ...
NAR reports surge in US home sales in April
by Kay Murchie
October 28, 2009
There were concerns over a recovery in the US housing market today after the Commerce Department revealed a fall in the annual rate of US new home sales in September.
According to the Commerce Department, new single-family home sales dived by 3.6% to a seasonally adjusted annual rate of 402,000 homes, down from a revised 417,000 units in August.
It was ...
New US home sales fall in September
by Kay Murchie
October 25, 2009
The National Association of Realtors has revealed a surprise rise in sales of previously owned homes in the US for the month of September.
The industry body said sales surged 9.4% to an annual rate of 5.57 million in September, up from 5.09 million the previous month.
The rate far exceeded analysts expectations who had expected a rise to 5.35 million units.
The national ...
US home sales in surprise rise
by Kay Murchie
September 24, 2009
The National Association of Realtors announced today that sales of previously owned homes in the US dipped in August following four consecutive monthly gains.
The industry body said sales fell 2.7% to an annual rate of 5.1 million in August, down from an annual rate of 5.24 million the previous month.
The figures show that the US housing market remains fragile ...
US home sales fall 2.7% in August
by Kay Murchie
September 1, 2009
The closely-monitored Institute of Supply Management's purchasing managers index rose to 52.9 in August, up from the 48.9 reported the previous month.
Any reading above 50 indicates expansion and is the latest sign that the recession may be coming to an end.
In the meantime, the National Association of Realtors said US home sales rose more than expected in July ...
US manufacturing activity rises above crucial 50 mark
by Kay Murchie
August 21, 2009
Federal Reserve chairman Ben Bernanke said today the prospects for economic recovery “appear good” and sent global stock markets higher.
The Dow Jones index gained 1%, London’s FTSE 100 index climbed 2% to close at 4,850.89. Germany's Dax index rose 2.8%, while France's Cac 40 added 3.1%.
Mr Bernanke’s comments came at a speech in the annual central bankers’ retreat in Jackson Hole, ...
Fed statement boosts stock markets
by Kay Murchie
December 23, 2008
Figures from the US Commerce Department have revealed today that the US economy contracted at its fastest pace in the July to September period, since the aftermath of the 9/11 terrorist attacks 7 years ago.
Gross Domestic Product (GDP), which is used as a measure of economic health, fell by 0.5% in the third quarter, said the Commerce Department.
Some analysts believe ...
US economy shrinks following bad news
by Kay Murchie
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