New-home sales declined more than forecast in December

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New home sales increased 14.5% through November. Consumer confidence also improved, with the University of Michigan’s Index of Consumer Sentiment averaging 92.9 in 2015-the highest since 2004. Consumer spending, which accounts for more than two-thirds of.

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New-home sales tumble to a 10-month low in December as recovery remains rocky By. Even with a double-digit December decline, 2016 brought 12.2% more sales than 2015. New-home sales declined.

Portland Real Estate Market Forecast 2019 December’s sales pace was revised higher to 652,000 units from the previously reported 621,000 units. Economists polled by Reuters had forecast new home sales, which account for about 11 percent of housing market sales, slipping 0.6 percent to a pace of 620,000 units in January.

The MSCI Emerging Markets Index rose slightly in December, 0.29 percent, though it. The headline unemployment rate dropped to a post-recession 4.6- percent low. Existing and new home sales rose more than expected in.

The Commerce Department said new home sales declined 9.3 percent to a seasonally adjusted annual rate of 625,000 units last month. The percentage decrease was the largest since August 2016. Unseasonably cold temperatures at the end of December probably also hurt sales.

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Housing Starts Decline to Two-Year Low in December Bloomberg News U.S. new-home construction in December fell to the lowest since September 2016, as builders held back during a turbulent month for.

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January data following a revised 0.9% decline (SA) in December according to advance U.S. Census Bureau data. Light motor vehicle (autos and light trucks) sales weakened slightly in February, decreas-ing 0.7% (SA) compared to January and down 1.7% over the year. Light trucks accounted for over 68% of vehicle sales in February.

Purchases of new homes dropped more than forecast in January as contract signings slumped in the western United States by the most since May 2010. Sales declined 9.2% to a 494,000 annualized pace.

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The report said there was 90 percent confidence the change in sales last month ranged from a 7.6 percent drop to a 16.2 percent increase. New-home purchases were. are considered a more timely.

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