July new home sales rise surprisingly strong
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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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New-home sales surged unexpectedly in September, climbing 3.5%, as low mortgage rates attracted buyers, a government report showed Wednesday.
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New orders for long-lasting U.S.-made manufactured goods surged a much bigger-than-expected 5.9 percent in July, the biggest gain since September.
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Better than expected June figures for same-store sales, following a strong May, excite investors.
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WASHINGTON -- Factory orders in July for costly manufactured goods recorded the biggest gain in four months. New home sales, meanwhile, slid, according to a pair of reports that offered a mixed picture of economic activity.
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New home sales posted an unexpected increase in September. Analysts, however, viewed the small gain as highly questionable given the severe credit crunch that rocked the housing industry this summer. They predicted further sales declines before the worst housing slump in more than two decades comes to an end.
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U.S. business inventories grew by  more than expected in July and the previous month was revised  higher, government data showed on Wednesday, delivering the  strongest two-month performance in nearly five years.
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Sales of new 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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Sales of existing U.S. homes rose  unexpectedly to a record high in November and prices surged as  low mortgage rates fueled home-buying, a trade association  report showed on Wednesday.
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Sales of new US homes unexpectedly recovered in August, rising 4.1% from July, official figures show.
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Sales of single-family homes and condominiums in Massachusetts posted sharp gains last month as consumers took advantage of low mortgage rates that are expected to rise in coming months.
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New-home sales showed signs of buckling under the weight of higher interest rates, and orders for durable goods rose more than expected in July, two government reports showed Wednesday.
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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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The sale of new single-family homes across the country rose by 9.4 percent in August, ending a two-month dip, the US Commerce Department reported yesterday.
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Orders for U.S. durable goods posted  a larger-than-expected rise in July, but new home sales showed  signs of buckling under the weight of higher interest rates,  two government reports showed on Wednesday.
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Home loan borrowing continued to surge in July, the Council of Mortgage Lenders says.
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U.S. business inventories grew by more than expected in July and the previous month was revised higher, government data showed on Wednesday, delivering the strongest two-month performance in nearly five years.