Sales of new homes jump unexpectedly
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Sales of new homes rose unexpectedly in April to the fastest pace this year as the housing sector showed resilience in the face of rising mortgage rates. But the price of homes sold last month fell and the level of unsold homes rose to a record high.
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Sales of new U.S. homes rose 16.2 percent in April, the sharpest climb in 14 years as builders slashed prices a record 11 percent, a government report showed on Thursday, signalling stabilization in the housing sector.
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Sales on the High Street grew unexpectedly fast in November, official figures show.
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New home sales turned up and factory orders soared in July, suggesting the economy was on stable footing before a credit crunch took a turn for the worse.
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Sales of existing U.S. homes surged  by an unanticipated 3.1 percent in September as low mortgage  rates fueled home buying, a trade association said on Monday.
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Sales of existing U.S. homes surged  in September on low mortgage rates, a trade association group  said on Monday, adding that activity would have been even  brisker had hurricanes not hit the South.
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Sales of existing US homes surged unexpectedly in September on low mortgage rates, a trade association group said Monday, adding that activity would have been even brisker had hurricanes not hit the south.
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U.S. stocks gained on Friday, after data showed sales of new U.S. homes unexpectedly rose in July.
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Government data showing an unexpected surge in new-home sales were little comfort to Toll Brothers.
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Sales of new homes in the US in April hits a 14-year high, but the average price for a new build slumps.
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Sales of new homes rose 16.2 percent in April, the sharpest climb in 14 years as builders slashed prices a record 11 percent, a government report showed on Thursday, signaling stabilization in the housing sector.
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The number of homes on the market is big, and likely to get much bigger.
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State and national housing sales hit record highs in 2004, boosted by mortgage rates near historic lows, according to preliminary figures released yesterday, but with rates expected to drift upward, few in the real estate industry expect that pace to be matched in 2005.
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Sales of new U.S. homes unexpectedly  rose in August to a seasonally adjusted 1.050 million  annualized rate after a sharp downward revision in July's  tally, while the inventory of homes for sale eased slightly, a  government report showed on Wednesday.
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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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Sales of new U.S. homes rose 16.2 percent in April, the sharpest climb in fourteen years, while prices fell a record 11 percent, according to a government report on Thursday that showed home builders taking extraordinary steps to move houses.
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With the help of low mortgage rates, sales of both new and existing homes in the country are on track to hit new record highs for all of this year, analysts say.