Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Market
July Home Sales Expected To Rise To Three-year High
WASHINGTON (8/20/13)--U.S. home sales likely rose in July to the highest level in more than three years, according to economists' forecasts in a Bloomberg survey. 
 
The expected increase was buoyed by growing demand for residential real estate. Combined purchases of new and existing homes probably increased to a 5.64 million annualized pace--the fastest since November 2009, according to the forecasts.
 
Home values and builder confidence is being bolstered by improving sales--even in the face of higher borrowing costs--and a limited supply of homes, lots and building materials (Bloomberg.com Aug. 18).
 
In the second half of 2013, economic growth should be strengthened by the fading effects of across-the-board cuts in federal spending, along with gains in auto markets and housing, Bloomberg said.
 
A slowly improving economy should continue to support an ongoing housing recovery, Roberto Perli, a partner for Cornerstone Macro LP in Washington, D.C., told Bloomberg. Market fundamentals are robust enough to overcome higher mortgage interest rates, he added.
RSS





print
News Now LiveWire
The U.S. Court of Appeals restored NCUA lawsuit v. Barclays Capital that charged misrepresenting quality of $550M IN RMBS. See News Now Wed.
3 hours ago
Registration is now open for the online livestreaming of @TheNCUA March 19 open board meeting. http://t.co/yOuqdXHlxj
8 hours ago
Registration is now open for online viewing of @TheNCUA's March 19 board meeting. https://t.co/mMZoXSFjMe
8 hours ago
.@CFPB Director Richard Cordray's testimony that he will deliver before the #HFSC this afternoon. http://t.co/NA1aEOPAeh
9 hours ago
Consumer spending flatlines, savings ramp up #Market #NewsNow http://t.co/94kPuBpMRK
10 hours ago