Shizuo Kambayashi/APA Burger King in Tokyo. By CANDICE CHOI and DAMIAN TROISE NEW YORK -- The home of the Whopper enjoyed its biggest sales jump in nearly a decade in the U.S. and Canada during the first quarter, boosted by a pricier...Show More Summary
One of the many interesting dynamics of the current housing market is the lack of new home sales and also, new home construction. New housing construction tends to be a boom for the economy across all income levels. Why? People when buying a new home also tend to fill the house with the general crap […]
The Samsung Galaxy S6 and Galaxy S6 Edge are two of the biggest names in the Android market today. Earlier this month, the two devices went on sale in Samsung's home market, as well as other selected countries worldwide.
The good news is very nice: mortgage rates are stable near 3.75 percent, sales of existing homes have risen 10.4 percent in the last year, and sales of new ones have soared 19 percent. Even the poor news is good: a softer-than-expected economy is holding the Fed at bay...
Please click here to see the edition of BuilderBytes for 4/ 24 /15 on the Web. In this issue of the MetroIntelligence Economic Update, I covered the following indicators: March new home sales dipped from 7-year high but still up 19 percent...Show More Summary
Initial Claims Worse Than Expected (Again), Remain Flat For 2015 New Home Sales Tumble By Most In Almost 2 Years As Northeast Crashes US Manufacturing PMI Misses By Most On Record As New Orders Tumble
The Census Bureau reported today that sales new homes in the U.S. (seasonally adjusted at an annual rate) plunged sharply in March to 481,000 after hitting a seven-year record level of 543,000 in February. As has been the case so often,...Show More Summary
Local unit retains momentum as US new home sales and manufacturing data disappoint.
Coming after yesterday’s strong existing home sales, new home sales for March were very disappointing, falling sharply by -11.4% to a 481,000 annual rate. The Markit PMI manufacturing index flash for April fell -1.1 points to 54.2. The Bloomberg Consumer Comfort Index fell -1.2 points to 45.4 in the latest week. Initial weekly jobless claims […]
In the game of pin the tail on the number, today’s release on new home sales was a big miss. Wall Street conomists had expected a seasonally adjusted annualized number (i.e. seasonal adjustment error times 12) of 520,000. Instead, that number came in at 481,000. Are we surprised? Hell no. Except this month’s number is…
The new home sales report for March was below expectations at 481 thousand on a seasonally adjusted annual rate basis (SAAR). However, sales for December, January and February were revised up by a combined 35 thousand (SA). So, including...Show More Summary
The Bloomberg consensus estimate for new homes sales was an overly-optimistic 518,000. Instead, it's bad news again as new home sales fell a very steep 11.4 percent to a 481,000 annual rate. New home sales -11.4% New homes sales in South -15.8%, West -3.4%, Midwest +5.6%, -33.3% Northeast Median price fell 1.5% to $277,400. Show More Summary
Earlier this week, Gizmodo wrote about Philips' new $5 LED bulbs, and their 2-for-1 promotion just went live at Home Depot. They won't ship until May, but $2.50/bulb is still the best deal we've ever seen on LED lighting by far. [2-Pack Philips Soft White 60W Equivalent LED Bulbs, $5] Read more...
US stocks are open - Panic Buy. PMI missed! - Buy moar on bad data. New Home Sales miss - even better - buy moar as bad news is good news. Yesterday's highs hit... Stop-run complete... unleash the selling... It appears Stocks and Oil are once again joined at the hip... until they're not...
After existing home sales sent stocks vertical on great news, so new home sales plunge has sent stocks vertical on bad news. An 11.1% drop MoM - the biggest since July 2013 - dragged new home sales back below 500k to 481k SAAR - the biggest miss in a year. Show More Summary
Sales of newly-constructed single-family homes fell by 11.4% in March compared to February, a volatile monthly report revealed Thursday. But the sales rate was 19.4% higher than the pace in March 2014. March sales of new single-family homes reached an annual, seasonally-adjusted rate of 481,000, according to data from the Commerce Department. That level is [...]
The Census Bureau reports New Home Sales in March were at a seasonally adjusted annual rate (SAAR) of 481 thousand. The previous months were revised up by a total of 35 thousand (SA)."Sales of new single-family houses in March 2015 were at a seasonally adjusted annual rate of 481,000, according to estimates released jointly today by the U.S. Show More Summary
WASHINGTON, April 23 (Reuters) - - New U.S. single-family home sales in March recorded their biggest drop in more than 1-1/2 years, snapping three straight months of hefty gains, in a temporary setback for the housing market. The Commerce Department said on Thursday sales declined 11.4 percent to a seasonally adjusted annual rate of 481,000 units. Show More Summary
Justin Sullivan/Getty Images By Lucia Mutikani WASHINGTON -- New U.S. single-family home sales in March recorded their biggest drop in nearly 3 years, snapping three straight months of hefty gains, in a temporary setback for the housing...Show More Summary
Commerce Department data shows 11 per cent decline in the month.