Existing Home Sales Edge Up 0.4 Percent
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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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The pace of existing home sales in  the United States fell a sharper-than-expected 4.1 percent in  July to their lowest level since January 2004 as the downturn  in the U.S. housing sector accelerated, the National  Association of Realtors said on Wednesday.
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The best month on record for sales of previously-owned homes nationally is partly due to the post hurricane rebound in Florida. The National Association of Realtors says November&#39;s sales of existing homes
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Sales of existing homes stayed weak in July, according to a trade group report that showed an increase in the glut of homes for sale by homeowners.
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U.S. new home sales fell a steeper-than-expected 9 percent in November, but business activity elsewhere perked up this month, according to reports on Friday that showed pockets of strength in the economy despite a housing sector meltdown.
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The pace of existing home sales edged up in November from a record low, according to a report on Monday that offered some tentative signs of stabilization in the still-ailing housing market.
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U.S. stocks pared losses and the Standard & Poor's 500 index  briefly turned positive on Tuesday after a report showed the pace of existing home sales unexpectedly rose in October.
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Sales of new homes unexpectedly rose 2.8 percent to an 870,000 annual sales pace in July, reversing two months of declines, and inventories eased, a Commerce Department report showed on Friday.
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Sales of existing US homes surged an unanticipated 3.1 percent in September on low mortgage rates, and sales would have been even brisker had hurricanes not hit the south, a trade association said on Monday.
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Retail sales rose a sluggish 0.1 percent in February amid unusually cold weather, and late mortgage payments and home foreclosures rose at the end of last year, according to reports that raised concerns about the economic outlook.
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The rate of increase in U.S. home prices remained steady in the fourth quarter of 2006, extending the slowing trend that began earlier in the year, federal regulators reported Thursday.
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WASHINGTON - Sales of existing homes edged down a less-than-expected 0.1 percent in October as low mortgage rates continued to support a record year, a trade association report showed Tuesday.
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Pending sales of U.S. homes rose 4.3 percent in August in a sign the nation's housing market might be stabilizing, a trade association said on Monday.
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WASHINGTON - Sales of existing US homes unexpectedly surged 3.1 percent in September on low mortgage rates, and would have been even brisker had hurricanes not hit the South, a trade association said Monday.
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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 homes rose to a record high in 2004, the fourth straight annual record. But activity in December barely budged after a big drop the previous month, suggesting the nation's red-hot housing market may finally be cooling.
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The Consumer Price Index posted a higher-than-expected gain of 0.4 percent in January, and construction of new homes and apartments rose by 0.8 percent in the month, the government reported.