US Economy: July New Home Sales Fall, Durable Goods Rise
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US new home sales in July fell 6.4 percent to a 1.134 million annual rate, the year&#39;s slowest pace and a sign housing may provide less fuel for the economy in coming months.
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Businesses saw inventories rise in July and sales picked up, the government reported Wednesday. The Commerce Department said that stocks of unsold goods increased 0.9% in July, down from a 1.1% rise in June.
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Fears of a slowdown in the US economy today eased as factories reported a jump in orders for costly manufactured goods during July.
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Orders for durable goods, a key gauge of consumer and business demand, fell in the US by 0.5 per cent last month, a greater decline than the market expected.
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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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New orders for U.S.-made durable  goods excluding the volatile transportation sector rose more  than expected in July and the number of workers seeking jobless  benefits fell slightly last week, government reports showed on  Thursday.
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Sales of new US homes plunged in July for the second straight month, data showed, a sign of chillier demand cooling the once red-hot market.
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September new home sales rose slightly yet remained near decade lows, while orders for durable goods declined, presenting a mixed economic picture ahead of next weekâs Fed meeting.
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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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WASHINGTON -- Sales of existing homes dropped for a fifth straight month in July, falling to the slowest pace in nearly five years, while home prices fell for a record 12th consecutive month.
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Sales of new US homes fall 23%, in the latest indication of the downturn in the housing market.
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New orders for U.S.-made durable  goods fell a much greater-than-expected 2.4 percent in July as  civilian aircraft and car orders tumbled, a government report  showed on Thursday.
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The pace of new U.S. home sales rose in September from a weaker August number, and orders for long-lasting manufactured goods dropped, according to data released on Thursday that showed a slow-growing economy.
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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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Factory orders for costly manufactured goods in July recorded the biggest gain in four months. New-homes sales, meanwhile, slid, according to a pair of reports that offered a mixed picture of economic activity.
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Stocks were up on Friday after stronger-than-expected new home sales in July and another report showing a rise in factory orders for big-ticket items.
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WASHINGTON - Factory orders for costly manufactured goods in July recorded the biggest gain in four months. Meanwhile, new-home sales slid, according to a pair of reports that offered a mixed picture of economic activity.