New Home Sales Fall in May for 4th Month
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WASHINGTON -- Sales of new homes fell in May for the fourth time in the past five months, providing further evidence of a continued slump in housing.
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Home sales slowed in the Untied States in July, but experts say they still moved at a healthy pace. Tuesday&#39;s report from a business group (the National Association of Realtors) says sales of previously-owned homes dropped 2.9 percent in July.
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Pending sales of existing U.S. homes in May unexpectedly fell to their lowest level in more than 5-1/2 years, data from a real estate trade group showed on Tuesday in a sign of continued weakness in the housing sector.
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New-home sales fell more than expected in November, tumbling 9 percent from October to a seasonally adjusted annual rate of 647,000.
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U.S. auto sales are expected to have dropped in May as a weak housing market and higher gas prices sapped demand, analysts said this week.
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Sales of previously owned homes in Louisville bucked the national trend in September, falling 4 percent from the month before while sales nationwide rose to the third highest level on record.
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WASHINGTON -- Sales of existing homes fell more than expected in April while prices slid for a record ninth consecutive month, indicating further troubles ahead for the housing market.
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WASHINGTON -- Construction of new homes fell in May as the nation's homebuilders continued to struggle with a steep housing slump that has been exacerbated by rising problems with mortgage defaults.
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Construction of new homes fell in May as the nationâs home builders were battered by the crisis in subprime lending and rising mortgage rates.
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Factory orders for costly manufactured goods in July recorded the biggest gain in four months. Meanwhile, sales of new homes slid, according to a pair of reports that offered a mixed picture of economic activity.
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The pace of existing home sales in the United States was off slightly in May to a 5.99 million-unit annual rate, the National Association of Realtors said in a report on Monday that showed continued weakness in the housing sector.
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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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Sales of new homes fell more than expected in July, to their lowest pace since December, as higher mortgage rates cooled the housing market.
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Sales of new homes fell in June for the first time in four months, and the government also lowered figures for May, providing further evidence the high-flying housing market is losing altitude.
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May sales of new houses in the US disappoint after reaching record highs in April, as the housing slump continues.
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May Department Stores Co.'s fourth-quarter earnings slid on weaker sales at stores open at least a year, the retailer said Thursday as it continues searching for a new chief amid lingering reports it may be bought out by a rival.
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Sales of new U.S. homes again defied  predictions of a slowdown in May and rose 4.6 percent, but  median sales prices fell and the U.S. Northeast experienced its  slowest sales tempo in nearly two years, according to a  government report on Monday.