July new home sales and durables orders rise
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Sales of new single-family U.S. homes unexpectedly rose in July and new orders for durable goods posted strong gains that underlined the economy's strength just before a credit crisis socked financial markets.
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US retailers have seen sales pick up faster than expected, making the biggest improvement since July.
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Foreclosure filings rose 36 percent in  August from July and 115 percent from a year ago, hit by  declines in once-hot housing markets such as California, Nevada  and Florida, according to a report released on Tuesday.
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New orders for U.S.-made durable  goods rose much more than expected in June and the number of  workers filing for unemployment benefits fell last week,  according to government reports on Thursday that showed strong  business activity.
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Sales of new homes dropped in July by the largest amount since February while the inventory of unsold homes climbed to a record high.
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Standard Pacific Corp , which  builds homes in the once-hottest U.S. markets, said on Monday  net new orders in July and August rose 20 percent, with those  in California nearly doubling.
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The Commerce Department said that stocks of unsold goods increased by 0.9 percent in July, down from a 1.1 percent rise in June. Sales, meanwhile, rose by 0.6 percent in July - three times the 0.2 percent increase registered in the previous month.
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Sales of new homes, after falling for three months, rose in August. But the gain was expected to be temporary as the battered housing industry struggles with a near-record level of unsold homes.
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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 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 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 new U.S. homes unexpectedly   rose in August but sales in July were weaker than first   thought, while new orders for durable goods fell, according to   government reports on Wednesday giving mixed indications about   the economy's direction.
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America's factories saw orders for costly manufactured goods in July post the biggest gain in four months, an encouraging sign that the economy is emerging from an early summer funk.
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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, and a  business investment gauge posted the first gain in three  months, a Commerce Department report showed on Friday.
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Businesses saw inventories rise in July and sales picked up, the government reported Wednesday. The Commerce Department said that stocks of unsold goods increased 0.9% in July, down from a 1.1% rise in June.
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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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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.