Written by U.S. sales of new homes had a better-than-expected rebound in June after falling to record lows in May.
Sales rose 23.6% in June to a seasonally adjusted annual rate of 330,000, the Commerce Department reported Monday. READ MORE »
Posts tagged commerce department
Foreclosure activity rises in most major metropolitan areas
Foreclosure activity climbed in three-quarters of the largest U.S. metropolitan areas in the first half of 2010, compared with the same period a year ago, but declined in some of the nation’s hardest-hit regions, according to data released Thursday. READ MORE »
Pending Sales of Existing U.S. Homes Decrease 2.6%
The number of contracts to purchase previously owned houses unexpectedly fell in June, indicating demand kept unraveling after the expiration of a homebuyer tax credit. READ MORE »
Treasury Two-Year Note Yield Near Record Low Before Fed’s Meeting Tomorrow
Treasury two-year note yields held at about the lowest on record amid speculation the Federal Reserve may consider additional stimulus to sustain the U.S. recovery. READ MORE »
U.S. Wholesale Inventories Rise Less-Than-Estimated 0.1%; Sales Fall 0.7%
Inventories at U.S. wholesalers rose less than forecast in June as companies kept stockpiles in line with slowing demand. READ MORE »