New Home Sales Plunge to Record Low; Durable Goods Up but Ailing
Sales of new single-family houses in July fell 12.4% to 276,600, the slowest pace of sales on record since 1963. July durable goods orders rose slightly, but the increase came mainly from airplane orders.
NAR Existing Home Sales Plummet to Record Low; Retail Also Down
Existing-home sales dropped sharply in July to historic lows after the home buyer tax credit expired, but home prices continued to gain, the National Association of Realtors (NAR) reported Tuesday, August 24.
Income, Spending Flat in June as Pending Home Sales, Factory Orders Fell
Bullish economic news was not to be found on August 3 as personal income and spending were reported flat in June while wages paid fell. Pending home sales declined, and factory orders fell for the second month in a row.
Existing Home Sales Fell 5.1% in June With End of Home Buyer Tax Credit
Existing home sales fell 5.1% in June, with 5.37 million single-family homes, townhomes, condos, and co-ops sold compared to 5.66 million in May, the National Association of Realtors said.
Existing Home Sales Fell 2.2% in May on Expiration of Tax Credit
Existing home sales fell 2.2% in May after the federal tax credit for home buyers ended April 30, the National Association of Realtors (NAR) reported.
U.S. Stock Market Jumps on Strong Housing Data
Dow has its third biggest gain of 2010
Existing Home Sales Jumped 7.6% in April, Reflecting Tax Credit
U.S. existing home sales rose again in April, up 7.6%, with buyers motivated by the federal tax credit, improving consumer confidence, and affordable rates and prices, the National Association of Realtors (NAR) reported Monday, May 24.
Pending Home Sales Surge; Factory Orders Jump
Expiring tax credit maintains spell on home buyers; rise in orders is unexpected
Sales of New Homes Rise at Fastest Pace in 47 Years
The drumbeat of positive news in the housing market continued for a second day, as sales of new homes in March had its biggest monthly jump in 47 years, the Commerce Department reported Friday, April 23.
Sales of Existing Homes Jumped 6.8% in March
Existing home sales surged 6.8% in March, as buyers were spurred by the government's tax credit that expires at the end of this month, the National Association of Realtors (NAR) said Thursday, April 20