Tag: new home sales

NewBuy reservations hit 1,500

NewBuy reservations hit 1,500

The government’s NewBuy mortgage scheme has reached 1,500 reservations according to the Home Builders Federation (HBF). The scheme is designed to help boost the number of mortgages available to home buyers with smaller deposits. NewBuy mortgages are available to buyers of new build properties who have just a 5 per cent deposit on their new […]

September 25, 2012 More
US new home sales fall in May

US new home sales fall in May

The Commerce Department has today revealed sales of new homes in the US fell, suggesting the housing market remains depressed. According to the Commerce Department, new single-family home sales fell by 2.1% in May on a monthly basis to an annual rate of 319,000 units, after two consecutive months of gains. However, despite the fall, […]

June 23, 2011 More
US new home sales rise for second consecutive month

US new home sales rise for second consecutive month

The Commerce Department has today revealed sales of new homes in the US rose for a second consecutive month in April, after diving to a record low in February. According to the Commerce Department, new single-family home sales grew 7.3% on the month to an annual rate of 323,000 units, better than analysts had forecast. […]

May 24, 2011 More
Has the world’s largest economy exited recession?

Has the world’s largest economy exited recession?

Figures due at 1230 GMT will reveal if the US economy has exited recession. The US entered the current recession in late 2007 and many analysts believe the world’s largest economy will have exited recession by experiencing positive growth of 3% in the third quarter (according to David Buik at BGC Partners). However, there are […]

October 29, 2009 More
US heads for deepening recession as economy slows further

US heads for deepening recession as economy slows further

Official figures from the Commerce Department have revealed that the world’s largest economy contracted at its sharpest rate in over 26 years in the last three months of 2008. The figures show that US economic output plummeted 3.8%, the worst quarterly contraction since 1982, when output fell by 6.4%. While the figure was not as […]

US experiences big fall in consumer spending

US experiences big fall in consumer spending

Figures from the Commerce Department have revealed that consumer spending in the US fell by 1% last month, the biggest fall September 2001. Consumer spending, which accounts for more than two-thirds of US economic activity, had risen 0.3% in September. However, the latest figures show that the economic downturn is deepening. Furthermore, demand for durable […]