April new home sales jump as prices fall
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Sales of new U.S. homes rose 16.2 percent in April, the sharpest climb in 14 years as builders slashed prices a record 11 percent, a government report showed on Thursday, signaling stabilization in the housing sector.
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Existing home sales posted their largest gain in two years last month, a sign the housing market may be climbing out of a slump, but orders for big-ticket factory goods fell as businesses showed wariness about the economy's health.
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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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WASHINGTON -- Sales of existing homes posted a tiny increase in October, the first gain in eight months, but the median price of homes sold last month fell by a record amount.
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Sales of new U.S. homes dipped in  October and inventories rose, but builders boosted prices by  over $30,000 per unit after a sharp decline in home prices a  month earlier, a government report showed Wednesday.
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U.S. new home sales fell a  steeper-than-expected 9 percent in November, but business  activity elsewhere perked up this month, according to reports  on Friday that showed pockets of strength in the economy  despite a housing sector meltdown.
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WASHINGTON &#151; Sales of new homes rose by 9.4 percent in August, the Commerce Department said yesterday, as mortgage interest rates remained at low enough levels to continue enticing buyers worried about future rate increases.
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Sales of existing homes fell by a larger-than-expected amount in April while the median price of a home sold during the month fell for a ninth straight month as the troubles in the subprime mortgage market acted as a further drag on housing.
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Business & money: Surge in smaller properties adds to reduction in average prices
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Sales of new single-family homes  rose 4.8 percent in September but sales in August were revised  down sharply according to a government report on Thursday that  painted a mixed picture of the battered housing sector.
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WASHINGTON - Sales of existing US homes unexpectedly surged 3.1 percent in September on low mortgage rates, and would have been even brisker had hurricanes not hit the South, a trade association said Monday.
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U.S. new home sales fell a steeper-than-expected 9 percent in November, but business activity elsewhere perked up this month, according to reports on Friday that showed pockets of strength in the economy despite a housing sector meltdown.
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Business & money: House prices rose by just 0.8% last month as the planned June 1 start date for home information packs drove more sellers on to the market.
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NEW YORK -- Wall Street powered higher Thursday after the government's new homes data in April soared to its biggest increase in 14 years, allaying investor concerns that the housing market will tip the economy into a recession.
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Business & money: House price inflation picked up in April, pushing the cost of an average UK home to Â£209,454, figures show.
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The latest data indicates that slowing home sales and the rising number of properties for sale is forcing more sellers to reduce prices in many locations across the country.
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The number of homes put up for sale surged in May as sellers tried to beat the launch of HIPs.