new-home sales

More people bought new homes in March, helping give the battered industry a small lift after the worst winter for sales in almost a half-century. But the current pace remains far below the 700,000 homes a year that economists view as healthy.

The Commerce Department reported Wednesday that sales of new homes fell 16.9% last month to a seasonally adjusted annual rate of 250,000 homes. It's the third straight monthly decline and far below the 700,000-a-year pace that economists view as healthy.

Sales of new homes fell significantly in January, a dismal sign after the worst year for that sector in nearly a half-century. New-home sales fell to a seasonally adjusted rate of 284,000 homes last month, the Commerce Department said Thursday. That's down from 325,000 in December and less than...

Buyers purchased the fewest number of new homes last year on records going back 47 years. Sales for all of 2010 totaled 321,000, a drop of 14.4 percent from the 375,000 homes sold in 2009, the Commerce Department said Wednesday. It was the fifth consecutive year that sales have declined after...

More people purchased new homes in November, though not enough to signal better times are ahead for the battered housing industry. Sales of new homes rose 5.5 percent last month to a seasonally adjusted annual rate of 290,000 units, the Commerce Department reported Thursday. That's less than half...

Sales of new homes improved last month after the worst summer in nearly five decades, but not enough to lift the struggling economy. The Commerce Department says new home sales in September grew 6.6 percent from a month earlier to a seasonally adjusted annual sales pace of 307,000. The increase...

A see-saw session for stocks left the major averages with modest gains Wednesday despite another round of lackluster economic data out of the housing market and industrial sector.

Sales of new homes dropped sharply in July to the slowest pace on record, the latest sign that the economic recovery is fading. The past three months have been the worst on record for new home sales.

New data from the Commerce Department shows that sales of new homes plunged by a whopping 32.7% in May due to the expiration of federal tax credits. The record-low annual rate of 300,000 for new-home sales immediately sent stocks lower but they later regained some ground. The data comes a day...

Sales of new homes posted another large gain in April as buyers rushed to sign contracts before government tax credits expired.