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| | | ... much more than expectations for a 0.9 per cent fall - adding to an equally strong 1.8 per cent gain in April. Sales of new homes in the US fell by 0.6 per cent in May to 342,000 units, disappointing expectations for an increase to 360,000 units. What's ... |
| | | | ... rates to entice buyers. Higher rates on long-term bonds would also drive up borrowing costs for consumers buying cars and homes, which in turn could endanger an economic recovery. The Dow Jones Industrial Average gained 103.78 points, or 1.25 per cent ... |
| | | | ... report and see that existing home sales in April remain 3.5 per cent than a year ago. Or look at the inventory of unsold homes and note that it has again jumped by 8.8 per cent over the month. And housing prices? In the 12 months to April, median prices ... |
| | | | ... construction and a cautious outlook from retailer Home Depot Inc pared gains in energy and utility stocks. Construction of homes and apartments in the US fell 12.8 per cent last month to the lowest pace on records going back a half-century, the Commerce ... |
| | | | ... not much to hang onto here especially with the unemployment rate and foreclosures still rising and inventories of unsold homes still high. But slowly rising consumer confidence, lower mortgage rates and climbing equity markets could provide a positive ... |
| | | | ... government aid. Economic reports showed declines, but were also not as bad as expected. The Commerce Department reported new US homes sales fell 0.6 per cent in March, but were stronger than anticipated following an upward revision to the prior month's ... |
| | | | ... is good unless of course the US government has filled their beds with all of the sub-prime borrowers that have lost their homes. There are so many of them that Marriott could not house them all. Host Hotels & Resorts soared 17 per cent and Starwood Hotels ... |
| | | | ... companies however, such as UPS and steelmaker Nucor, signaled trouble. Economic data was downbeat, too. Sales of existing homes fell three per cent in March, and claims for both new and continuing unemployment benefits rose last week. The stock market ... |
| | | | ... deficit is a step in the right direction. However, with nerves still fragile - wealth destroyed, jobs lost or under threat, homes foreclosed - the last thing those still with jobs (and earning more than US$250,000 for the US and 100,000 for the UK) is ... |
| | | | ... located in New South Wales and Western Australia. More than half are tourist based properties and almost a quarter are holiday homes. According to the group, the Australian Tourism Industry has a $1.5 billion annual turnover and a recent AMP-NATSEM report ... |
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