Sales of new single-family homes during January fell again, to their lowest level in the series' history which dates back to 1963. They dropped 10.2% from December to 309,000 after a 9.5% December decline that was slightly shallower [...]
- Global| Feb 26 2009
U.S. New Home Sales Lowest Since 1963
by:Tom Moeller
|in:Economy in Brief
The recession in the U.S. factory sector entered an even more dire phase during the last several months. New orders for durable goods fell 5.2% last month after downwardly revised declines of between 4.0% and 8.0% during four of the [...]
by:Tom Moeller
|in:Economy in Brief
The recession in the U.S. factory sector entered an even more dire phase during the last several months. New orders for durable goods fell 5.2% last month after downwardly revised declines of between 4.0% and 8.0% during four of the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 25 2009
Yen-Based Japan Exports Are Cut Nearly In Half
In a stunning blow to a reeling economy Japan reports that its exports are lower in January compared to one year ago by 45% - nearly halving of the flow. There are several components to this drop. One is the yen that has risen; that [...]
- Global| Feb 25 2009
U.S. Mortgage Applications Fall: Refi's & Purchase Applications Off
The Mortgage Bankers Association indicated that the total number of mortgage applications fell 15.1% from the prior week and that they were off roughly 40% from the peaks earlier this year. Applications had been boosted by lower [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 25 2009
January U.S. Existing Home Sales & Prices Fell
Any prior indication that home sales were stabilizing should be dismissed. According to the National Association of Realtors, sales of existing homes fell 5.3% last month to 4.490M after an unrevised December rise of 4.4%. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 25 2009
January U.S. Existing Home Sales & Prices Fell
Any prior indication that home sales were stabilizing should be dismissed. According to the National Association of Realtors, sales of existing homes fell 5.3% last month to 4.490M after an unrevised December rise of 4.4%. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 24 2009
German IFO Survey Shows Little Change in the Dismal Appraisal of the Business Climate
The latest release of the IFO survey of German entrepreneurs engaged in industry and trade shows little change in their dismal appraisal of the business climate. The overall business climate indicator declined from 83.0 (2000=100) in [...]
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