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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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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Consumers increased their spending in July by the largest amount in six months and the back-to-school shopping season got off to a strong start in August, boosting hopes that the economy will not stumble into a recession this year.
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WASHINGTON - Factory orders for costly manufactured goods in July recorded the biggest gain in four months. Meanwhile, new-home sales slid, according to a pair of reports that offered a mixed picture of economic activity.
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Factory orders for costly manufactured goods in July recorded the biggest gain in four months. New-homes sales, meanwhile, slid, according to a pair of reports that offered a mixed picture of economic activity.
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Investor's Business Daily - July&#39;s increase was higher than expected and follows a 0.4% June gain, the Commerce Dept. said. Sales rose 1.1% in the month, more than reversing a 0.3% decline in June. The inventory-to-sales ratio, a gauge of how long existing stocks will last at the current sales pace, fell slightly to 1.26 months from 1.27 months. Retail inventories rose 1%. Motor vehicles and parts climbed 2.9%. Both increases were the largest since May &#39;06.
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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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WASHINGTON : 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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Sales of new US homes unexpectedly recovered in August, rising 4.1% from July, official figures show.
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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
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Shoppers got back in the buying mood in July, propelling sales at the nation's retailers up by 1.4 percent, the most in six months.
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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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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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A hot summer and new products helps AG Barr profits climb 8.2% in the six months to the end of July.
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Sales of new U.S. homes defied  predictions of a slowdown in April and rose 4.9 percent while  prices climbed, although the supply of homes for sale hit a  record, a government report showed on Wednesday.
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Stocks rose on Thursday after data showed new home sales increased more than economists had expected last month, boosting optimism about economic growth and corporate profits.
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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.