New Home Sales Jump 9.4 Pct in August
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U.S. new home sales jumped a surprising 9.4 percent in August, the fastest acceleration of sales in almost four years, as a fresh dip in mortgage interest rates attracted buyers, a government report showed on Monday.
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The pace of existing home sales fell sharply in August to a 5.5 million-unit annual rate while single-family home inventories grew to their highest level in 18 years, the National Association of Realtors said in a report on Tuesday.
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Retail sales unexpectedly rose in August, gaining 0.6 percent after a 0.7 percent gain in July, the Office for National Statistics said.
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Inventories at U.S. wholesalers rose  0.9 percent in August, in line with expectations, as stocks of  autos, metals and computer equipment swelled, a government  report showed on Friday.
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New-home sales surged unexpectedly in September, climbing 3.5%, as low mortgage rates attracted buyers, a government report showed Wednesday.
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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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Macy's Inc  reported a 2.4 percent rise in August sales at stores open at least one full fiscal year on Thursday as it boosted promotions.
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WASHINGTON - New home sales posted an unexpected increase in September. Analysts, however, viewed the small gain as highly questionable given the severe credit crunch that rocked the housing industry this summer. They predicted further sales declines before the worst housing slump in more than two decades comes to an end.
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U.S. stocks rose for a third straight   day on Wednesday as data showing a surprising gain in August   new home sales fueled optimism that a slowdown in the housing   market won't be severe enough to hurt corporate profit growth.
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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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Defying forecasts of an imminent slowdown, sales of new homes shot up in April to the fastest sales pace this year. But prices were up only slightly, and the backlog of unsold homes hit a new record.
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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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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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U.S. consumers spent at a   stronger-than-expected pace in August and import prices rose   steadily, according to government reports on Thursday that   hinted the economy may not be slowing quickly enough to curb   inflation pressures.
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Sales of new homes rose in May to the fastest pace this year, led by big gains in the South.
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Pending sales of existing U.S. homes advanced a stronger-than-expected 4.9 percent in December, the biggest monthly gain since 2004, a real estate agents' trade association said on Thursday in a report showing some stability in the housing market.
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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.