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New home sales in April rose for the first time in five months, increasing 3.3% to 526k following a downward revision of the March reading to 509k. The previous month's reading was previously reported as 526k, which was the lowest level since October 1991. Economists had expected a reading of 523k. The...
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New home sales in the U.S. were down for the fifth consecutive month in March, falling by 8.5% to 526k, much lower than the 580k level expected by economists, and setting a new low since October 1991. Inventories soared from already-worrying levels. This follows a downwardly revised reading of 575k in...
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As the overhang of new homes sits at a 27-year high of 9.8 months, new home sales are expected to fall for a fifth consecutive month in the March index from the U.S. Census Bureau on Thursday. In February's report, sales fell 1.8% to a seasonally adjusted annual rate of 590K, contributing to an almost...
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Economists will be paying attention to this month's U.S. housing data in hopes of finding a bottom in the market. Before that, however, the focus will be in Canada on the Bank of Canada's interest rate decision. On Tuesday, the BOC will hold its regular monetary policy meeting. Economists are in agreement...
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The U.S. Census Bureau and the U.S. Department of Housing and Urban Development issued their monthly joint report on August new house sales on Thursday. Like statistics on the sales of existing homes issued earlier in the week by the National Association of Realtors (NAR), sales were off significantly...
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The National Association of Realtors has backpedaled on previous housing forecasts with it U.S. Economic Outlook report for June released on Wednesday. NAR has consistently asserted that the housing bubble would not burst but rather would deflate and, when it happened, there would be a soft landing ...
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On Thursday the Census Bureau and the Department of Housing and Urban Development released figures for new home sales in April that showed a big increase in sales and a drop in both median and average home sale prices. Media coverage has speculated that the both outcomes were a result of price cuts by...
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According to figures released on Thursday by the Department of Housing and Urban Development and the U.S. Census Bureau, new house sales in April showed the first improvement of the year, and a substantial one at that. Last December new house sales were at a seasonally adjusted annualized rate of 1,019...
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The two most closely watched monthly housing reports came out this week and served only to muddy the real estate waters even further. On Tuesday the National Association of Realtors issued its report on existing home sales for the month of March. It wasn't pretty. Total existing-home sales, including...
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Reports on the sales of both new and existing homes were released on Friday, March 23 and Monday, March 26 and they pointed in distinctly opposite directions. The National Association of Realtors (NAR) released figures showing an unexpected surge in existing home sales for February on the heels of a...
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Reports on January sales of both new and existing houses were released this week. Conclusions were, to say the least, mixed. The National Association of Realtors report on the sales of existing home in January stated that those sales had hit the highest level in seven months, increasing to a seasonally...
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First read the press release issued on Tuesday by the National Association of Realtors regarding data on the sale of existing homes in December and for all of 2006 and then read the New York Times article on the same topic. We will then have a spirited discussion on the subject of reality, slant, and...
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Is it the end of the end of the housing bubble ? The National Association of Realtors (NAR) seemed to think so as it issued its November report on the sales of existing houses, the second month in a row when sales showed slight improvement over the previous month. New home sales also showed signs of...
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As usual, fresh on the heels of the National Association of Realtors monthly report on the status of existing home sales , the U.S. Census Bureau and the U.S. Department of Housing and Urban Development have released their joint monthly report on the sales of new homes for the month of October 2006....
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New home prices took a heck of a hit in September according to information released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development on Thursday. This disquieting news came hard on the heels of a National Association of Realtors survey released on Wednesday that showed...