July new home sales rise surprisingly strong
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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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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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Sales of new homes rose 16.2 percent in April, the sharpest climb in fourteen years, while prices fell a record 11 percent, according to a government report on Thursday that showed home builders taking extraordinary steps to move houses.
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Sales of existing homes stayed weak in July, according to a trade group report that showed an increase in the glut of homes for sale by homeowners.
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Better than expected June figures for same-store sales, following a strong May, excite investors.
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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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OTTAWA (CP) - A robust housing market and higher prices for building materials, labour and land pushed up prices for new houses across the country in August, says Statistics Canada.
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Sales of new U.S. homes unexpectedly  rose in August to a seasonally adjusted 1.050 million  annualized rate after a sharp downward revision in July's  tally, while the inventory of homes for sale eased slightly, a  government report showed on Wednesday.
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Stocks climbed on Friday as an unexpected rise in July new home sales calmed worries about the housing market slump, helping investors put aside fears about a recession.
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Sales of new homes rose unexpectedly in April to the fastest pace this year as the housing sector showed resilience in the face of rising mortgage rates. But the price of homes sold last month fell and the level of unsold homes rose to a record high.
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Sales of single-family homes and condominiums in Massachusetts posted sharp gains last month as consumers took advantage of low mortgage rates that are expected to rise in coming months.
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Sales of new U.S. homes unexpectedly   rose in August after July sales came in much weaker than first   thought, while new orders for durable goods fell, according to   government reports on Wednesday that signaled continued   economic softness.
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US new home sales surged unexpectedly in September, climbing 3.5 percent, as low mortgage rates attracted buyers, a government report showed Wednesday.
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US new home sales unexpectedly rose 0.2 percent in October to 1.226 million at an annual rate, the third highest ever, as hiring improved and borrowing costs fell.
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&#39;The ongoing stimulus of lower-than-expected mortgage interest rates was the primary driver of strong home sales in October.&#39;.
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WASHINGTON &#151; Sales of new homes rose by 9.4 percent in August, the Commerce Department said yesterday, as mortgage interest rates remained at low enough levels to continue enticing buyers worried about future rate increases.
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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.