Home building in US soars in July
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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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Home loan borrowing continued to surge in July, the Council of Mortgage Lenders says.
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Washington - The nation&#39;s factories cranked out more products in July, miners dug more minerals and builders broke ground on more homes, the government said Tuesday in three reports that showed some rebound in economic activity last ...
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The bursting housing bubble squelched expansion in some of the nationâs fastest-growing states in the year that ended July 1, according to an analysis of census figures.
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Housing construction in August jumped to its highest level in five months, a dose of encouraging news for the economy&#39;s expansion.
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US industrial output advanced in July, as American factories operated at their highest capacity in more than three years, a Federal Reserve report on Tuesday showed.
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U.S. housing starts unexpectedly rose 0.6 percent in August to their highest level in five months as low mortgage rates encouraged construction, but permits fell more than anticipated, a government report showed on Tuesday.
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Orders for U.S. durable goods posted  a larger-than-expected rise in July, but new home sales showed  signs of buckling under the weight of higher interest rates,  two government reports showed on Wednesday.
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New home sales unexpectedly rose to an 870,000 annual sales pace in July, reversing two months of declines, and inventories eased, the Commerce Department reported.
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For the first time since March, sales of new homes rose in August.
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Annual house price inflation in the UK  has picked up - hitting 6% in July - according to government figures.
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Construction spending in August hit the highest level on record, fresh evidence that the housing market is helping move the economy ahead.
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New-home sales showed signs of buckling under the weight of higher interest rates, and orders for durable goods rose more than expected in July, two government reports showed Wednesday.
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WASHINGTON : Roaring demand for civilian planes added thrust to the US manufacturing sector in July, government figures showed, an encouraging sign for factories.
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The number of homes put up for sale surged in May as sellers tried to beat the launch of HIPs.
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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.
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An expected spike in mortgage rates was supposed to cool off the red-hot housing market, but that spike failed to happen, and real estate sales remained strong in July both locally and nationally, according to reports released yesterday.