With an oversupply of oil on the market and OPEC afraid that higher prices will impair the U.S. recovery and sap demand, the fundamentals point to an oil price drop in the near term. Yes, markets move on emotion, and fears abo…
One of these months, new-home sales are going to show that Americans have decisively returned to buying newly built residences. Unfortunately, November was not that month: New-home sales rose a less-than-expected 5.5% to a 290,…
Housing remains in a slow, but uncertain recovery, as existing-home sales increased a less-than-expected 5.6% last month, to a 4.68-million-unit annual rate. At least, home sales rose in every U.S. region, and inventories fell….
They increased a much-better-than-expected 1.9% in October, and September’s tally was bumped up to a 2.1% increase, vs. 1.5% initially. Together, the data provide more evidence that suppliers and businesses expect a decent 2010…
The start of autumn did not bring good news to the nation’s housing industry, as new home sales unexpectedly plunged 8.1% in October to a 283,000-unit annual rate — equaling July’s pace, and close to the all-time low of 275,000 hit in August.
A Bloom…