Purchases of new homes increased in February to a seven-month high, indicating the effects of the recent rise in borrowing costs on the U.S. residential real estate market have been modest.
March 23, 2017Business
Sales of Previously Owned Homes Fell 3.7% in February
Sales of previously owned U.S. homes declined in February after rising a month earlier to the highest level in a decade, according to figures released March 22 by the National Association of Realtors in Washington.
March 22, 2017BusinessEquipment
US Sales of Class 8 Trucks Fall 29.5% in February
U.S. retail sales of Class 8 trucks in February fell 29.5% to just more than 11,000 units, as each truck maker experienced a double-digit decline. But analysts said the market, nonetheless, was showing signs of improvement.
March 20, 2017Business
Retail Sales in February Post Smallest Gain in Six Months
U.S. retail sales in February posted the smallest gain in six months, indicating a tempering of the consumer spending that’s been carrying the economy.
March 15, 2017BusinessEquipment
US Retail Sales of Class 8 Trucks Drop in February
U.S. retail sales of Class 8 trucks in February fell 29.5% from a year earlier, as all truck makers posted double-digit declines, WardsAuto.com reported.
March 14, 2017BusinessEquipment
Class 8 Orders Rise 28%, Reach Highest Total in 14 Months
North American Class 8 orders in February reached a 14-month high as they cleared 23,000, and exceeded expectations, analysts said.
March 3, 2017Business
Pending Purchases of Existing Homes Unexpectedly Decline
Contracts to buy previously owned U.S. homes unexpectedly declined in January as higher mortgage rates, elevated prices and a limited number of listings pushed the index to a one-year low, according to figures released Feb. 27 from the National Association of Realtors in Washington.
February 27, 2017Business
Truck Sales Plunge 31.4%
U.S. retail sales of Class 8 vehicles in January — typically a skimpy point in any year — squeaked past 10,000 units, the lowest in nearly six years, and a 31.4% fall year-over-year, WardsAuto.com reported.
February 27, 2017Business
Sales of New US Homes in January Were Slower Than Forecast
Purchases of new U.S. homes in January were slower than forecast, signaling an increase in mortgage rates may be giving some potential buyers pause.
February 24, 2017Business
Existing Home Sales Rise More Than Forecast as Supply Drops
Sales of previously owned U.S. homes climbed for the fifth time in six months to the highest level since 2007, indicating housing-market momentum will extend into 2017, National Association of Realtors data showed Feb. 22.
February 22, 2017