The Street logo The Street 1 month ago

New Homes Sales Fall Unexpectedly

The Commerce Department said sales dropped 3.6% to 402,000, well below the 440,000 analysts expected. This was the first decline since March. Full Article at The Street

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  1. New York - US stocks tumbled on Wednesday amid concerns over the pace of economic recovery following an unexpected decline in new home sales and dampening consumer sentiment. Full Article at News24

  2. Johannesburg - Current global sentiment pushed the local bourse into the red on Wednesday, while a stronger US dollar also weighed on commodities. Full Article at News24

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  1. MIAMI - NOVEMBER 18:  A home is seen as it is under construction on November 18, 2009 in Miami, Florida. The U.S. Commerce Department released numbers today on home construction that showed housing starts fell 10.6 percent in October to a seasonally adjusted annual rate of $529,000.
  2. In this Wednesday, Nov. 4, 2009, photo, BJ's employee Shelly LeRoy load a cart with a customer's purchases at the BJ's Wholesale Club in Camp Hill, Pa.
  3. WASHINGTON - OCTOBER 29:  U.S. President Barack Obama delivers remarks to members of the U.S. Chamber of Commerce, National Federation of Independent Business, and small business owners and organizations from across the country about how his administration plans to help small businesses at the Wh...
  4. SAN FRANCISCO - OCTOBER 01:  Pedestrians carry shopping bags as they walk through the Union Square shopping district October 1, 2009 in San Francisco, California. The Commerce Department reported today that consumer spending surged 1.3 percent in August, the largest gain in nearly eight years.

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