Housing sector, factory orders sag in May
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Pending sales of existing homes hit the lowest level in more than five years in May and factory orders dipped modestly, according to reports on Tuesday that showed the economy struggling to keep moving forward.
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Stock futures briefly pared losses following a report that showed a slightly smaller-than-expected drop in the pace of May home construction.
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Sales of new homes were unexpectedly weak last month, although they climbed off an 11-year low, and orders for long-lasting goods fell, according to data on Thursday that underscored the economy's weakness.
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The pace of growth in the U.S.  non-manufacturing sector eased further than expected in June as  new orders and prices paid declined from May, according to a  report on Thursday.
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WASHINGTON -- Construction of new homes fell in May as the nation's homebuilders continued to struggle with a steep housing slump that has been exacerbated by rising problems with mortgage defaults.
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Reflecting further housing troubles, sales of existing homes fell in May to the lowest level in four years while the median home price dropped for a record 10th consecutive month.
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Factory activity in the U.S. Mid-Atlantic region contracted sharply in January and home-building in December fell to the slowest pace since the early 1990s, reports showed on Thursday, reinforcing fears of recession.
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The nation's manufacturing sector extended its growth streak to a fourth consecutive month in May, overcoming worries about inflation, soaring gas prices and the broader economy's sluggishness, a research group said Friday.
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Orders to U.S. factories for manufactured goods were weak for a second consecutive month as the nation's manufacturing sector sent signals it was shifting into a lower gear.
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Growth in U.S. factory activity slowed more than expected in September to its lowest since May, 2005, with dips in measurements of employment and prices paid, according to a survey published on Monday.
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Sales of new homes fell in June for the first time in four months, and the government also lowered figures for May, providing further evidence the high-flying housing market is losing altitude.
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Business conditions in New York City worsened in May, with a large dip in the assessment of current conditions, according to a survey of local firms.
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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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New orders for long-lasting  U.S.-made manufactured goods tumbled a larger-than-expected 2.8  percent in May on a plunge in civilian aircraft orders and they  were also lower than forecast when transportation orders were  stripped out, a government report showed on Wednesday.
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US factories posted their biggest gain in four months on orders for costly manufactured goods, but new-homes sales slid, according to a pair of reports offering a mixed picture of economic activity in July.
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May sales of new houses in the US disappoint after reaching record highs in April, as the housing slump continues.
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Orders to U.S. factories for manufactured goods rebounded in May following a big decline in the previous month as strengthened demand for petroleum and chemicals offset weakness in commercial aircraft and autos.