US Home Sales Weaken; Consumers Buoyant
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Sales of new U.S. homes tumbled at  the sharpest rate in more than a decade in November, the  government said on Thursday, but a separate report showed   consumers' mood still buoyant as a close to 2004 neared.
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The pace of existing home sales in  the United States in April fell to their lowest since June 2003  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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Wall Street stock indexes declined on Wednesday after weak employment data and a record drop in a home sales index heightened concern that turmoil in the subprime mortgage market was hurting the wider U.S. economy.
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Sales of new U.S. homes tumbled at  the sharpest rate in more than a decade in November, the  government said on Thursday, but a separate report showed  consumers' mood still buoyant near the end of 2004.
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Stocks fell on Thursday as signs of   housing-market weakness and worries about the outlook for   interest rates made investors uneasy about prospects for   consumer spending and corporate profits.
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The US housing market remains sluggish, with sales of existing homes at their lowest level in four years.
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WASHINGTON - America&#39;s consumers came off a buying binge and were somewhat less jolly spenders in November. New-home sales, meanwhile, cooled from a record high, while demand for big-ticket manufactured goods rebounded.
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US consumer confidence falls in November, as a slowing housing market adds to worries over the US economy.
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Stocks fell on Wednesday after weak employment data and a record drop in a home sales index heightened concern that turmoil in the subprime mortgage market was hurting the wider U.S. economy.
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Sales of existing U.S. homes slipped  in May, another sign of a gradually cooling housing market as  mortgage rates rise, while consumer confidence rose slightly in  June, according to reports on Tuesday.
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WASHINGTON -- Sales of previously owned homes in the United States fell in May to the lowest level in almost four years, reinforcing concerns about a protracted housing slump.
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US retail sales rose a weaker-than-expected 0.3 percent in August, data showed Friday, suggesting US consumers are turning cautious in the face of housing and credit woes.
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U.S. new home sales fell more than expected in July to the their lowest pace since December, as higher mortgage rates cooled the housing market, a government report showed on Wednesday.
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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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Retail sales posted a modest gain, despite a drop in consumer confidence spurred by the housing downturn and turbulence in the financial market.
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Wall Street stocks sold-off on Wednesday as pending home sales fell to their lowest level since September 2001 and the defensive mood was reinforced by mixed news on the economy.
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Pending home sales fall, but also prove opportunity for long-term investors.