Oct new home sales slip, but prices rise
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Sales of new U.S. homes dipped in October and inventories rose, but builders boosted prices by over $30,000 per unit after a sharp decline in home prices a month earlier, a government report showed Wednesday.
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Pending sales of existing U.S. homes fell 1.7 percent in October but held above the low hit in July, suggesting the housing market is stabilizing, a real estate trade association said on Monday.
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U.S. housing starts jumped a  larger-than-expected 6.4 percent in October to the busiest pace  since December as buyers took advantage of low mortgage rates,  a government report showed on Wednesday.
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Sales of existing homes were up both nationally and in Lee County in November, according to statistics released today. Meanwhile, the median price for a single-family home also continued to rise both locally and nationally.
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A surge in new home sales on the West Coast helped offset a steep drop in the Northeast last month as sales nationwide unexpectedly rose.
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New home sales in the United States increased by 0.2 percent in October from the previous month to a seasonally adjusted annual rate of 1.23 million units, the Commerce Department reported Wednesday.
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U.S. new home sales rose 0.2 percent in October to the third-highest level on record following an upwardly revised gain in September, a government report showed on Wednesday.
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U.S. housing starts jumped a larger-than-expected 6.4 percent in October to the busiest pace since December as buyers took advantage of low mortgage rates, a government report showed on Wednesday.
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This week will see the release of October new and existing home sales, a measure of strength in the housing industry. But the short holiday week will also leave investors looking ahead to the holiday travel season.
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WASHINGTON - New home sales posted an unexpected increase in September. Analysts, however, viewed the small gain as highly questionable given the severe credit crunch that rocked the housing industry this summer. They predicted further sales declines before the worst housing slump in more than two decades comes to an end.
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Sales of existing U.S. homes slipped  in May, another sign of a gradually cooling housing market as  mortgage rates rise, while consumer confidence rose slightly in  June, according to reports on Tuesday.
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WASHINGTON -- Sales of previously owned homes inched up in November but that didn't change the overall bleak picture for an ailing housing industry that has been suffering through a painful slump.
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Sales of new U.S. homes unexpectedly   rose in August but sales in July were weaker than first   thought, while new orders for durable goods fell, according to   government reports on Wednesday giving mixed indications about   the economy's direction.
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Retailers around the country reported October sales Thursday that were better than Wall Street analysts were expecting, but industry experts said the results didn&#39;t raise their expectations for the holiday season.
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Sales of previously owned homes declined last month as the supply of unsold properties on the market ballooned and prices declined compared with those a year earlier.
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Existing home sales posted their largest gain in two years last month, a sign the housing market may be climbing out of a slump, but orders for big-ticket factory goods fell as businesses showed wariness about the economy's health.
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Prices of existing U.S. single-family homes recorded their biggest annual drop in October, suggesting the housing slump is far from over, a national home price gauge released on Wednesday shows.