New home sales weak as durable goods orders sag
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Sales of new U.S. homes were unexpectedly weak last month, although they climbed off an 11-year low, and orders for long-lasting goods fell, according to data Thursday that underscored the economy's weakness.
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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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November sales of new US homes fall much more than analysts expected, raising concerns about the economy.
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New orders for U.S. durable goods rose by a weaker-than-expected 0.6 percent in April as volatile transportation orders fell, while initial claims for jobless benefits rose by 15,000 in the latest week, government reports showed on Thursday.
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New single-family U.S. home sales fell 4.7 percent in December to the lowest rate in nearly 13 years while the median sales price dropped sharply according to a government report on Monday that delivered more grim news for the housing sector.
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Weak durable goods orders last month fueled concern on Thursday over the resilience of the U.S. economy to the country's steep housing slump.
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U.S. home sales will be a good deal   weaker this year than earlier thought as potential buyers   remain on the sidelines waiting for better deals, a national   real estate group said on Thursday.
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Sales of new single-family U.S.  homes fell 8.3 percent in August to a 795,000 annual sales  pace, its slowest rate in over seven years, while the inventory  of homes dropped, a Commerce Department report showed on  Thursday.
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Sales of new U.S. homes and orders  for durable goods both fell more than expected in July,  providing further evidence of slowing U.S. economic growth.
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New single-family home sales fell  4.7 percent in December to its lowest rate in nearly 13 years  while the median sales price dropped sharply and the inventory  of unsold homes climbed, according to a government report on  Monday that delivered more grim news for the battered housing  sector.
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New orders for U.S.-made durable  goods fell by a much sharper-than-expected 7.8 percent in  January as nondefense goods orders saw their biggest monthly  decline ever, a government report showed on Tuesday.
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Sales of new homes hit a 12-year low, falling short of even the most skeptical Wall Street estimates.
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Sales of new U.S. homes unexpectedly   rose in August after July sales came in much weaker than first   thought, while new orders for durable goods fell, according to   government reports on Wednesday that signaled continued   economic softness.
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Sales of new single-family U.S. homes fell much more than expected to an annual rate of 647,000 in November, the slowest pace in more than 12 years, according to a government report on Friday.
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Sales of new U.S. homes unexpectedly  rose in August after July sales came in much weaker than first  thought, while new orders for durable goods fell, according to  government reports on Wednesday that signaled continued  economic softness.
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The US housing market remains sluggish, with sales of existing homes at their lowest level in four years.
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U.S. home sales will be a good deal   weaker this year than earlier forecast and prices are likely to   fall below year-ago levels temporarily as buyers stay on the   sidelines, a realtors group said on Thursday.