Home sales slump; business activity up
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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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US retail sales and industrial output slow as the economy is hit by the housing slump and credit squeeze.
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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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The pace of existing home sales in the United States fell in April to a 5.99 million-unit annual rate while inventories swelled, the National Association of Realtors said in a report on Friday that showed more weakness than analysts had expected.
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The local real estate market is showing signs of slowing down. There are more homes on the market in Greater Boston than at any time during the last five years, some properties -- especially the more expensive ones -- are taking longer to sell, and price reductions are becoming increasingly common. Meanwhile, sales of single-family homes across the state fell ...
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A sharp rise in January home sales and modest price declines indicate that the Massachusetts real estate market may be recovering from its worst slump in more than a decade.
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U.S. 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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WASHINGTON - New home sales plunged in November, but analysts say that a variety of economic reports released Thursday overall paint a positive picture.
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Pending sales of previously owned  homes fell by a surprising 12.2 percent in July as credit  tightened up amid troubles in the housing and subprime mortgage  sectors, a real estate trade group said on Wednesday
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New single-family home sales fell  4.7 percent in December to its lowest rate in nearly 13 years  while the median sales price dropped sharply and the inventory  of unsold homes climbed, according to a government report on  Monday that delivered more grim news for the battered housing  sector.
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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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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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Business & money: Numbers of buyers unable to purchase first home slump to the lowest level since 1980
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Pending sales of previously owned homes plunged 12.2 percent in July and planned lay-offs by companies surged 85 percent in August due to turmoil in the subprime mortgage market, independent reports showed on Wednesday.
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Not everyone has suffered from the current housing slump. Exceptions include entrepreneurs with deep experience in real estate and those who have carved out a special niche.
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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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Sales of new U.S. homes and orders  for durable goods both fell more than expected in July,  providing further evidence of slowing U.S. economic growth.