Mar 26th 2013 10:35AM
Sales of new U.S. single-family homes fell more than expected in February after hefty gains the previous month, but steady gains in home prices suggested the housing market recovery remains intact. The Commerce Department said on Tuesday sales dropped 4.6 percent to a seasonally adjusted annual rate of 411,000 units.... Continue Reading »
Dec 27th 2012 10:33AM
WASHINGTON (AP) - Americans bought new homes last month at the fastest pace in more than two and a half years, adding to other recent evidence that the housing market is steadily recovering. The Commerce Department says that sales of new homes rose 4.4 percent in November to a seasonally adjusted annual rate of 377,000.... Continue Reading »
Jul 25th 2012 3:00PM
By Christopher S. Rugaber WASHINGTON -- Americans bought fewer new homes in June after sales jumped to a two-year high in May. The steep decline suggests a weaker job market and slower growth could make the housing recovery uneven. The Commerce Department said Wednesday that sales of new homes fell 8.4 percent last... Continue Reading »
Jul 2nd 2012 11:30AM
WASHINGTON, July 2 (Reuters) - U.S. construction spending rose to its highest level in nearly two and a half years in May as investment in residential and federal government projects surged, a rare dose of good news for the flagging economic recovery. Construction spending increased 0.9 percent to an annual rate of $830... Continue Reading »
Jun 25th 2012 12:15PM
By Martin Crutsinger WASHINGTON -- Americans bought new homes in May at the fastest pace in more than two years. The increase suggests a modest recovery in the housing market is continuing, despite weaker job growth. The Commerce Department said Monday that sales of new homes increased 7.6 percent in May from April to a... Continue Reading »
