Existing home sales unexpectedly surged 10% in September — the second consecutive monthly rise. Although a retrenchment is always possible, if existing sales continue to rise in the quarters ahead, that improvement would suppo…
Housing starts rose 10.5% in August to a seasonally adjusted annual rate of 598,000, providing hope that the sector is stabilizing. However, economists caution that monthly data have a large margin of error.
Co…
Inadequate job growth and a rising supply of unsold homes continue to weigh on the housing market. The homebuilder confidence index remained unchanged in September — its lowest level since March 2009.
Continu…
Stronger retail sales prompted businesses to restock shelves and warehouses, and inventories rose 1% in July as a result. The gain should help ease concerns that inadequate sales will slow the U.S. economic recovery.
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