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Reuters

U.S. Existing Home Sales Hit Nine-Month Low, Supply Weak

10:06 AM 02/23/15 WASHINGTON (Reuters) – U.S. home resales fell sharply to their lowest level in nine months in January amid a shortage of properties on the market, a setback that could temper expectations for an acceleration in housing activity this year. The National Association of Realtors said on Monday existing home sales declined 4.9 […]

U.S. Pending Home Sales Drop More Than Expected In December

10:01 AM 01/29/15 By Lindsay Dunsmuir WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes fell more than expected in December as tighter inventory and an increase in house prices discouraged buyers. The National Association of Realtors said on Thursday its Pending Home Sales Index, based on contracts signed last month, decreased 3.7 percent […]

U.S. Single-Family Starts Hit 6-1/2-Year High In December

8:37 AM 01/21/15 WASHINGTON (Reuters) – U.S. housing starts rose more than expected in December as groundbreaking for single-family homes hit its highest level in more than 6-1/2 years, in a hopeful sign for the sluggish housing market recovery. Starts increased 4.4 percent to a seasonally adjusted annual pace of 1.09 million units, the Commerce […]

U.S. Pending Home Sales Rise Modestly In November

10:03 AM 12/31/14 WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes rose only modestly in November, pointing to a still-sluggish housing market despite several months of stronger economic growth and hiring. The National Association of Realtors said on Wednesday its Pending Home Sales Index, based on contracts signed last month, gained 0.8 percent […]

U.S. Existing Home Sales Hit Six-Month Low, Inventories Low

10:43 AM 12/22/14 By Lucia Mutikani WASHINGTON (Reuters) – U.S. home resales tumbled to a six-month low in November after two straight months of strong increases, underscoring the uneven nature of the housing market recovery. The National Association of Realtors said on Monday existing home sales dropped 6.1 percent to an annual rate of 4.93 […]

U.S. Housing Starts Fall, But Trend Points To Recovery

9:17 AM 12/16/14 By Lucia Mutikani WASHINGTON (Reuters) – U.S. housing starts and permits fell in November, but remained at levels consistent with a gradually improving housing market. Groundbreaking declined 1.6 percent to a seasonally adjusted annual pace of 1.028 million units, the Commerce Department said on Tuesday. October’s starts were revised up to a […]

U.S. Services Sector Growth Slows, Pending Home Sales Miss Forecast

11:03 AM 10/27/14 WASHINGTON (Reuters) – U.S. services sector activity dipped to a six-month low in October, pointing to some moderation in economic growth early in the fourth quarter. Another report on Monday showed contracts to buy previously owned homes rebounded less than expected in September, an indication that the housing recovery remains gradual. Financial […]

U.S. New Home Sales Up In September, But August Pace Cut

10:05 AM 10/24/14 WASHINGTON (Reuters) – Sales of new U.S. single-family homes rose to a six-year high in September, but a sharp downward revision to August’s sales pace indicated that the housing recovery remains fragile. The Commerce Department said on Friday that sales increased 0.2 percent to a seasonally adjusted annual rate of 467,000 units, […]

U.S. Existing Home Sales Hit One-Year High, Prices Up

10:45 AM 10/21/14 By Lucia Mutikani WASHINGTON (Reuters) – U.S. home resales jumped to their highest level in a year in September, the latest indication that the housing market recovery is gradually getting back on track. The National Association of Realtors said on Tuesday existing home sales rose 2.4 percent to an annual rate of […]

U.S. Housing Market Recovery Rolls On As Groundbreaking Rises

8:33 AM 10/17/14 WASHINGTON (Reuters) – U.S. housing starts and permits rose in September, a signal the market’s modest recovery is supporting what appears to be growing strength in the broader economy. Groundbreaking rose 6.3 percent to an annual 1.02 million-unit pace, the Commerce Department said on Friday. Economists polled by Reuters had forecast a […]

Americans Face Post-Foreclosure Hell As Wages Garnished, Assets Seized

3:35 AM 10/14/14 By Michelle Conlin NEW YORK (Reuters) – Many thousands of Americans who lost their homes in the housing bust, but have since begun to rebuild their finances, are suddenly facing a new foreclosure nightmare: debt collectors are chasing them down for the money they still owe by freezing their bank accounts, garnishing […]

U.S. New Home Sales Race To Six-Year High In August

10:03 AM 09/24/14 WASHINGTON (Reuters) – Sales of new U.S. single-family homes surged in August and hit their highest level in more than six years, offering confirmation that the housing recovery remains on course. The Commerce Department said on Wednesday sales jumped 18.0 percent to a seasonally adjusted annual rate of 504,000 units. That was […]

U.S. Existing Home Sales Fall, Investors Pulling Back

1:52 PM 09/22/14 By Lucia Mutikani WASHINGTON (Reuters) – U.S. home resales unexpectedly fell in August as investors stepped away from the market, but the decline probably does not signal renewed weakness. The National Association of Realtors said on Monday existing home sales dropped 1.8 percent to an annual rate of 5.05 million units. The […]

U.S. Housing, Jobs Data Bolster Economic Outlook

11:09 AM 08/21/14 By Lucia Mutikani WASHINGTON (Reuters) – U.S. home resales rose to a 10-month high in July and the number of Americans filing new claims for unemployment benefits fell last week, signaling strength in the economy early in the third quarter. The growth outlook was further buoyed by other reports on Thursday showing […]

Homebuilders Rally After Strong NAHB Sentiment Data

10:42 AM 08/18/14 NEW YORK (Reuters) – U.S. homebuilding stocks rose on Monday, boosted by data that showed homebuilder sentiment rose in August to its highest level since January. Sentiment rose as labor market conditions improved, according to the National Association of Home Builders data. The NAHB/Wells Fargo Housing Market index rose to 55 in […]

U.S. Home Prices Down In May, But Consumer Confidence Strong

11:19 AM 07/29/14 By Chuck Mikolajczak NEW YORK (Reuters) – U.S. single-family home prices fell unexpectedly in May, declining for the first time in more than two years in the latest signal of the wobbly state of the housing market. Still, U.S. consumers remained confident in the broader economic picture, with a key measure of […]

Wall Street Falls After Housing Data Disappoints

10:49 AM 07/28/14 By Ryan Vlastelica NEW YORK (Reuters) – U.S. stocks fell on Monday as weak data on the housing market and services sector were the latest indications of worsening economic conditions, taking the S&P 500 below a key support level. While acquisition activity limited the market’s decline, keeping indexes near record levels, investors […]

U.S. Pending Home Sales Hit Eight-Month High In May

11:05 AM 06/30/14 By Moriah Costa WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes hit an eight-month high in May, the latest indication that housing was pulling out of a recent soft patch. The National Association of Realtors (NAR) said on Monday its Pending Home Sales Index, based on contracts signed last month, […]

U.S. Consumer Confidence, New Home Sales Hit Six-Year Highs

10:52 AM 06/24/14 By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence jumped to its highest level in nearly 6-1/2 years in June and sales of new homes surged in May, the latest signs that the economy has regained momentum. The Conference Board said on Tuesday its index of consumer confidence rose to 85.2 from […]

U.S. Housing Regaining Footing As Supply Improves

10:53 AM 06/23/14 WASHINGTON (Reuters) – U.S. home resales rose more than expected in May and the stock of properties for sale was the highest in more than 1-1/2 years, suggesting that housing was pulling out of a recent slump. The National Association of Realtors said on Monday existing home sales increased 4.9 percent to […]