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US pending home sales fall for 3rd straight month
Fewer Americans signed contracts to buy U.S. homes in August, the third straight decline. The drop could mean that higher mortgage rates are starting to deter some buyers. The National Association of Realtors said Thursday that its seasonally adjusted index for pending home sales declined 1.6 percent to 107.7 last ...
US new-home sales jump 7.9 percent in August
Americans stepped up purchases of new homes in August after cutting back in July, suggesting that higher mortgage rates are not yet slowing the housing recovery. Sales of new homes increased 7.9 percent last month to a seasonally adjusted annual rate of 421,000, the Commerce Department said Wednesday. That comes ...
Census: No sign of economic rebound for many in US
Even as the economy shows signs of improvement and poverty levels off, new U.S. census data suggests the gains are halting and uneven. Depending on education, race, income and even marriage, not all segments of the population are seeing an economic turnaround. Poverty is on the rise in single-mother families. ...
US developer leaves anger behind in Vietnam
As Vietnam's first property boom crashed around him, American developer Edward Chi kept promising investors their flashy apartments were on track. The businessman even told them he would sell his California properties to pay them back if construction stopped on projects that were heavily marketed by a well-known American real ...
US builders boost single-family home construction
U.S. builders started work in August on the most single-family homes in six months and requested permits to construct even more in future months. The figures suggest housing remains a driver of economic growth despite higher mortgage rates. Construction of single-family homes started rose 7 percent last month to a ...
US builder confidence steady, rates a concern
U.S. homebuilders' confidence in the housing market held this month at its highest level in nearly eight years. But builders are starting to worry that sales may slow if mortgage rates continue to rise. The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday registered at 58 this ...
As Fed meets this week it faces many uncertainties
The Federal Reserve is being engulfed by the one thing it tries to prevent: uncertainty. Will the Fed take its first step Wednesday toward reducing the extraordinary stimulus it's given the U.S. economy? Will its eventual pullback jolt the financial markets? Who will fill several expected vacancies on the Fed's ...
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