January new home sales fall 16.6 percent
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Sales of new U.S. homes fell 16.6 percent in January and prices were little changed as the number of new homes on the market decreased slightly, according to a government report on Wednesday showing some weakness in the unsteady housing sector.
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Countrywide Financial, the biggest mortgage lender in the US, reports a 41% fall in home loans in January.
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WASHINGTON -- Sales of existing homes fell by a larger-than-expected amount in April while the median price of a home sold during the month fell for a ninth straight month as the troubles in the subprime mortgage market acted as a further drag on housing.
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The number of new US homes sales fell by a greater-than-expected 2.1% in May, official data shows.
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Sales of new U.S. homes again defied  predictions of a slowdown in May and rose 4.6 percent, but  median sales prices fell and the U.S. Northeast experienced its  slowest sales tempo in nearly two years, according to a  government report on Monday.
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The National Association of Realtors reports sales of previously owned US homes fell 2.9 percent in July. The Realtors said resales in July fell to 6.72 million single-family houses at an annual rate from 6.92 million in June.
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Sales of new U.S. homes fell more  than expected in June to a seasonally adjusted annual 1.131  million rate and the median home price fell for the second  month in a row the government reported on Thursday, as the U.S.  housing market showed more signs of cooling.
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Retail sales fell 0.3 percent in January &#151; the weakest showing in five months &#151; as a big drop in demand for cars offset strength at clothing and department stores. Spending was powered mostly by consumers anxious to use holiday gift cards.
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Sales of new family homes in the US fell 8.3% in August to its slowest rate in more than seven years, figures show.
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The National Association of Realtors reports sales of previously owned US homes fell 2.9 percent in July. The Realtors said resales in July fell to 6.72 million single-family
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WASHINGTON -- A trade group for real estate agents on Tuesday lowered its forecast 2007 existing home sales for the eighth-straight month, predicting a drop of 8.6 percent from last year.
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WASHINGTON -- Wholesale prices fell in January by the largest amount in three months amid retreating energy prices while new home construction plunged to the lowest level in nearly 10 years.
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Ford Motor Co.  on Thursday said U.S. January vehicle sales fell 19 percent from a year earlier because of reduced sales to daily-rental companies.
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The latest data indicates that slowing home sales and the rising number of properties for sale is forcing more sellers to reduce prices in many locations across the country.
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Sales of existing US homes fell by 12.8% last year, the biggest decline in 25 years, figures show.
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The pace of existing home sales fell  for a fifth straight month in August, hitting a 6.3 million  unit annual rate, according to a report from the National  Association of Realtors on Monday that was not as bleak as  economists had expected.
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Manufacturing output fell by 0.2 percent in January from the December figure, official data showed on Friday.