House prices show sharp July rise
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Demand for larger properties pushed house prices up by 2.1% in July, official government figures show.
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Home building in the United States soared by an unexpectedly steep 8.3 percent in July, recovering from a slump the previous month as weather improved, a government report showed.
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Wages rose faster than expected in the June-August period but analysts say the increases are still not high enough to cause inflation worries at the Bank of England.
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House price growth rebounded in June, according to the Nationwide, with prices rising by 1.1% in the month.
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UK house prices shrug off the recent credit market turmoil to post a surprise rise in September, Nationwide says.
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A spokesman from the National Bureau of Statistics (NBS) said here Friday that multi-fators have pushed up the housing price. Statistics show that the prices of housing and
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Industrial production and new home construction rose sharply last month, suggesting that the economy is overcoming high energy prices and rebounding from the summer slump.
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Stocks climbed on Friday as an unexpected rise in July new home sales calmed worries about the housing market slump, helping investors put aside fears about a recession.
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UK house prices are still rising strongly despite recent interest rate rises, the Halifax says.
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UK house prices rose for the first time in four months in December, the Halifax says.
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UK house prices rose 0.2pc in September compared with the month before to stand up 17.8pc on a year ago, according to Nationwide Building Society.
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Oil prices rose Friday after the U.S. government reported sales of durable goods and new homes rose in July, suggesting the economy may not be slowing as much as investors feared.
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House price inflation accelerated in July to 14.3 percent year-on-year, from 13.9 percent in June, official data shows, showing the property market still had plenty of momentum this summer.
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Housing starts rebounded sharply in July, making up almost all the ground lost in a June slump by posting their largest monthly percentage gain since September 2002, a report from the Commerce Department on Tuesday showed.
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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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Stocks went from flat to higher after a stronger-than-expected reading on new homes sales for July. That followed a better-than-expected durable goods report.
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New official figures have cast some doubt on the claims that the UK housing market has begun to cool in recent months. Home prices rose by a strong 2.1% during July - despite other evidence that the market