From the category archives:
Have you seen America’s Financial Doomsday?Click here to tell us what you think of the video!
The number is so big, it’s hard to wrap your mind around it. But look at it this way:
That’s $46,800 for every man, woman, and child in the U.S. Or $2,100 for every [...]
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Have you seen America’s Financial Doomsday?Click here to tell us what you think of the video!
Europe is in tatters. Its governments are barely clinging to power. Its economy is crippled and bleeding. Its banks are fighting for their very lives.
The cost in human terms is horrendous. Millions of jobs have been [...]
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New home sales have slumped for two months in a row, but pending sales of existing homes rose again in June — by 2.4% after an 8.2% rise a month earlier. That topped expectations for a 2% decline. By region, sales were down 0.4% in the Northeast and down 3.7% in the Midwest, but up [...]
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We just got the latest figures on new home sales from the Census Bureau. They slipped 1% to a seasonally adjusted annual rate of 312,000 in June from 315,000 in May. That was the second decline in a row and it was slightly below forecasts for a reading of 320,000 sales. Sales fell 15.8% in [...]
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In the wake of yesterday’s strong housing starts report, there was some optimism that sales would pick up as well. But did they? Not in the existing home arena. Sales slipped 0.8% in June to a seasonally adjusted annual rate of 4.77 million units from 4.81 million a month earlier. That missed forecasts for a [...]
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We just got the latest figures on home construction and they were strong. Housing starts popped 14.6% in June to a seasonally adjusted annual rate of 629,000 from 549,000 in May. That was well above the 2.7% increase that economists were forecasting, and it leaves starts at their highest level since January.
Building permits rose by [...]
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The latest new home sales figures just hit the tape. According to the Census Bureau, sales fell 2.1% between April and May. The seasonally adjusted annual rate of 319,000 was slightly above expectations for a reading of 310,000. Sales fell 3.5% in the West and 26.7% in the Northeast; they were unchanged in the Midwest [...]
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The National Association of Realtors reported on existing home sales figures for May today.
* Sales slumped 3.8% to a seasonally adjusted annual rate of 4.81 million from 5 million in April. That was right in line with expectations and it leaves sales at the lowest level since November.
* Single-family sales dropped 3.2%, while condominium and [...]
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We just got the latest look at the new home market from the Census Bureau. Sales rose 7.3% to a seasonally adjusted annual rate of 323,000 in April from 301,000 in March. That beat economist expectations for an unchanged reading, and it leaves sales at the highest level since December.
The number of homes for sale [...]
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Existing home sales figures for April were just released. Sales dipped 0.8% to a seasonally adjusted annual rate of 5.05 million from 5.09 million a month earlier. That missed expectations for a reading of 5.2 million, and was down 12.9% from a year earlier.
Single-family sales fell 0.5%, while condominium and co-op sales slumped 3.1%. The [...]
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