US housing cools in third quarter
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US house prices rose in the third quarter of this year, according to the Office of Federal Housing Enterprise Oversight, even though some areas of the country saw prices decline and the overall rate of increase slowed significantly.
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WASHINGTON -- The economy snapped out of a sluggish spell and grew at a faster-than-expected 3.5 percent pace in the final quarter of last year as consumers ratcheted up spending despite a painful housing slump.
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WASHINGTON (AFX) - The US economy is losing steam, the Conference Board said Thursday, reporting that the index of US leading economic indicators fell 0.3 percent in October, the fifth straight decrease.
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House prices across the nation declined by 3.2 percent in the second quarter from a year earlier, suggesting the housing downturn has deepened, according to the S&P/Case-Shiller U.S. National Home Price Index.
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U.S. Treasury Secretary Henry Paulson said on Tuesday a decline in U.S. housing activity has caused some damage in subprime mortgage markets but was not hurting the overall economy.
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The pace of U.S. home construction  fell 2.1 percent in May to a lower rate than analysts had  expected for the lifeless housing market while building permit  activity, a signal of future building plans, increased more  than anticipated, a government report showed on Tuesday.
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Sales of new US homes fall 23%, in the latest indication of the downturn in the housing market.
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WASHINGTON : Home building in the United States soared by an unexpectedly steep 8.3 percent in July, recovering from a slump the previous month as weather improved, a government report showed.
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U.S. Treasury Secretary Henry  Paulson said on Tuesday a decline in U.S. housing activity has  caused some damage in subprime mortgage markets but was not  hurting the overall economy.
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A weakening U.S. housing market and  a steady flow of Americans seeking jobless benefits will help  lead to a slowed economy over the coming months, data released  on Thursday showed.
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U.S. house prices rose 3.2 percent in  the second quarter from a year ago, representing the slowest  appreciation in a decade, the Office of Federal Housing  Enterprise Oversight said on Thursday.
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U.S. housing starts plunged to a   more than three-year low in August, while falling new vehicle   costs kept producer prices unexpectedly weak, government   reports showed on Tuesday, bolstering views the economy is   cooling.
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The feeble US housing market showed more frailty when third-quarter home sales plummeted in 38 states, hitting Nevada, Arizona, Florida, and California particularly hard, government data showed yesterday.
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The US economy is expanding at an uneven pace amid a cooling of the housing and automobile markets, with inflation pressures easing in some cases, a Federal Reserve report showed.
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The U.S. economy grew faster than first thought in the third quarter on strong business investment, even as the housing sector posted its biggest decline in more than 15 years, the government said Wednesday.
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New data shows third-quarter slowdown in euro-zone growth
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US new home sales in July fell 6.4 percent to a 1.134 million annual rate, the year&#39;s slowest pace and a sign housing may provide less fuel for the economy in coming months.