Private employers added fewer workers to payrolls in June than forecast, reinforcing concerns the recovery will weaken as Americans curtail spending.
Declines in the average workweek and hourly earnings make it more likely consumers will pull back, hurting sales at retailers including Best Buy Co. The report caps a month of data that points to weakness [...]
Posts Tagged ‘home inventory’
U.S. Economy: Private Payroll Growth Trails Forecasts
July 3rd, 2010 by Financial Writer
Tags: commerce department, consumers, debt crisis, economic recovery, economists, european economy, global market, home inventory, us economy
more...Existing home sales slip 2% in May
June 22nd, 2010 by Financial Writer
Existing home sales slipped in May and missed estimates but sustained a strong pace as homebuyers who qualified for the expired tax credit moved to close deals ahead of the June 30 deadline.
The National Association of Realtors reported that existing home sales dipped 2.2% last month to a seasonally adjusted annual rate of 5.66 million [...]
Tags: debt crisis, economists, financial system, home inventory, home prices, home sales, interest rates, loans, money, mortgage rates, real estate
single family homes rose 11% over May, but median price fell 3%.
July 27th, 2009 by Financial Writer
New home sales: ‘Really good news’
Sales of newly constructed single-family homes spiked 11% in June to an annualized rate of 384,000 homes, according to a report released Monday.
The gain over May was much greater than expected. A consensus of housing industry analysts had forecast seasonally adjusted sales of 352,000, according to Breifing.com.
However, sales are still [...]
Tags: home inventory, housing industry, single-family homes