U.S. home sales fell more than expected in March, pointing to continued weakness...
WASHINGTON - U.S. home sales fell more than expected in March, pointing to continued weakness in the housing market despite declining mortgage rates and slowing house price gains.
Existing home sales dropped 4.9 percent to a seasonally adjusted annual rate of 5.21 million units last month. February’s sales pace was revised down to 5.48 million units from the previously reported 5.51 million units. A survey last week showed that while builders reported strong demand for new homes in April, they also complained about “affordability concerns stemming from a chronic shortage of construction workers and buildable lots.”The dollar slipped against a basket of currencies after the release of the existing home sales data. Stocks on Wall Street were trading lower and U.S. Treasury prices fell.
The Commerce Department reported last Friday that housing starts dropped to a rate of 1.139 million units in March, the lowest level since May 2017.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Huawei secured 40 5G commercial contracts by end-MarchChina's Huawei Technologies Co Ltd said on Tuesday it had secured 40 commer...
Lire la suite »
Industrial production weakens further in MarchIndustrial production fell 0.1% in March, the Federal Reserve said Tuesday. This is the fourth straight month of weak readings.
Lire la suite »
US manufacturing output unchanged in MarchU.S. manufacturing output was unchanged in March after two straight monthly declines, leading to the largest quarterly decrease in production since 2017.
Lire la suite »
US retail sales soared 1.6% in MarchU.S. retail sales were expected to rise 0.9% in March, after slipping 0.2% a month earlier.
Lire la suite »
U.S. retail sales post biggest gain in one-and-a-half years in MarchU.S. retail sales increased by the most in 1-1/2 years in March as households bo...
Lire la suite »
NCAA gymnastics changed its postseason, hoping for its own March Madness momentsNCAA gymnastics changed its postseason, hoping for its own March Madness moments. To become more appealing to a TV audience, a Final Four this weekend will replace what had been a six-team event for decades.
Lire la suite »
Thai March exports seen falling 3 percent y/y: Reuters pollThailand's customs-cleared annual exports in March may have fallen 3 percen...
Lire la suite »
Japan's March factory output to shrink, BOJ seen keeping policy unchanged: Reuters pollJapan's March factory output is forecast to have slipped for the first time...
Lire la suite »
Used vehicle prices rise in March for first time in six months: J.D. PowerUsed vehicle prices rose in March for the first time in six months, according to analyst at J.D. Power Valuation Services. In its April Used Car and Light Truck Guidelines Industry Update, analysts said their seasonally adjusted Used Vehicle Price Index rose by 1.1 points from February to 117.5. The positive reading comes after weaker-than-usual numbers for January and February. "In terms of full-year 2019 expectations, the used market is expected to slow in 2019," said David Paris, Executive Analyst at J.D. Power Valuation Services, in a statement. "As a result, prices are forecast to fall by around 2%. Increasing levels of used supply along with more volatile credit conditions and increasing gas prices, which are expected to apply downward pressure on the used car market." New vehicle sales fell 2.2% to 17.48 million in the month.
Lire la suite »
Venezuela's Guaido calls for 'largest march in history' to oust MaduroVenezuelan opposition leader Juan Guaido on Friday called on supporters to take ...
Lire la suite »