New Home Sales »

  • H.S. Borji

    The sale of new US homes declined unexpectedly in November in the latest sign the uneven housing recovery was losing momentum toward the end of the year. New US home sales tumbled 1.6 percent to a seasonally adjusted annual rate of 438,000 in November, following a 0.7 percent gain the previous month, the Commerce Department

  • H.S. Borji

    US construction spending rose in October at the fastest pace in five months, raising optimism about the housing recovery and overall economy in the fourth quarter. The value of construction put in place rose 1.1 percent to $970.989 billion in October, following a revised drop of 0.1 percent a month earlier, the Commerce Department reported

  • H.S. Borji

    The sale of new US homes rose in October following another downward revision in September, as the underlying trend continued to show the housing market was gaining momentum in the second half of the year. New US home sales rose 0.7 percent to a seasonally adjusted annual rate of 458,000 in October, the Commerce Department

  • H.S. Borji

    US construction spending declined unexpected in September, but housing construction rose for the first time in five months, adding to the view the US housing market was improving at the end of the third quarter. The value of construction put in place declined 0.4 percent in September, the Commerce Department reported Monday. Economists forecast an

  • H.S. Borji

    The sale of new US homes rose slightly in September following downward revisions during the summer, adding further evidence the housing recovery was gathering momentum. New US home sales advanced 0.2 percent in September to a seasonally adjusted annual rate of 467,000, the Commerce Department reported today in Washington. A median estimate of economists polled

  • H.S. Borji
    Forex » US Dollar Index Hits 85.00
    H.S. Borji - September 24, 2014, 16:32 GMT

    The US dollar rose to fresh highs against a basket of currencies on Wednesday, as a surge in new home sales unleashed a fresh wave of bullishness for the world’s most actively traded currency. The dollar index, which measures the performance of the greenback against a basket of currencies including the euro, Japanese yen, British

  • H.S. Borji

    The sale of new US homes surged in August, raising optimism the housing recovery was gathering momentum in the third quarter following a series of mixed reports. New US home sales rose 18 percent in August to a seasonally adjusted annual rate of 504,000, following a gain of 1.9 percent that was initially reported as

  • H.S. Borji

    The sale of new US homes declined unexpectedly in July, tempering expectations about a broad rebound in the housing sector at the start of the third quarter. New US home sales declined 2.4 percent to a seasonally adjusted annual rate of 412,000, the Commerce Department reported today in Washington. That follows a revised drop of

  • H.S. Borji
    Forex » Aussie Builds Momentum
    H.S. Borji - July 28, 2014, 18:03 GMT

    The Australian dollar advanced against its US counterpart Monday, as the AUDUSD pair pushed above the 0.94 handle amid disappointing US home sales figures. The AUDUSD advanced 0.13 percent to 0.9407, easing off an intraday high of 0.9414. The pair rebounded after declining in each of the last two sessions, as the US dollar continued

  • H.S. Borji
    Forex » US Dollar Firm, Disregards Weak Data
    H.S. Borji - July 24, 2014, 16:43 GMT

    The US dollar was steady against a basket of currencies Thursday, as investors disregarded weaker than forecast home sales and manufacturing data. The US dollar index, a weighted average of the greenback’s performance against six commonly traded peers, climbed 0.04 percent to 80.86 after reaching an intraday high of 80.91. The dollar index has enjoyed

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