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The Associated Press has some “good” news and some disturbing news on the housing front: New-home sales increased 1.3 percent last month to a seasonally adjusted annual rate of 307,000, the Commerce Department said Monday. That’s less than half the 700,000 that economists say must be sold to sustain a healthy housing market. September’s figures [...]
Factory orders rose sharply last month while sales of new homes surged with help from government incentives, giving the economic recovery a jolt in April.
Government – Business – Construction and Maintenance – Business and Economy – Residential Housing
Sales of new homes surged 27 percent last month, bouncing off the previous month’s record low and blowing past expectations as government incentives and better weather boosted sales.
Government – Business – Construction and Maintenance – Business and Economy – United States
New home sales unexpectedly fell 7.6 percent last month, capping the industry’s weakest year on record.
Business – Business and Economy – Construction and Maintenance – United States – Residential Housing
The housing market is in the midst of a rocky recovery, but it’s too soon to declare the end of one of the worst slides since the Great Depression.
Business – Real estate – Residential – National Association of Realtors – Real estate economics
The housing market is in the midst of a rocky recovery, but it’s too soon to declare the end of one of the worst slides since the Great Depression.
Great Depression – History – Twentieth Century – Health – Mental Health
“The company is expected to report a quarterly loss for the three months ended June 30, reflecting the dampening effect that the U.S. recession, weak consumer confidence and mounting competition from foreclosed homes continues to have on new home sales.”
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