Last week, existing home sales and new home sales were both better than expected.
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Strike three came a half-hour after the opening bell Wednesday, with new home sales.
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Unlike existing home sales, new home sales count as soon as a contract is signed.
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September new home sales and durable goods orders data will be published on Wednesday.
The seasonally-adjusted percentage increase in new home sales registered in January was the biggest since 1993.
Although new home sales soared in April, the less volatile statistics are still uniformly grim.
Then on Thursday, we get the weekly jobless claims, followed on Friday by new home sales.
New home sales in the U.S. haven't been this low since 1991, according to the Commerce Department.
On the fundamental side, new home sales fell 4.6% in February, the biggest decline in two years.
According to the National Association of Home Builders, new home sales climbed 22% from July to September.
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On Thursday it was reported that new home sales plunged an unexpected and huge 12.6% in January.
It seems quite clear that the boon in new home sales was driven by the tax credit.
This week, we have new home sales on Wednesday, followed by jobless claims and durable goods Thursday.
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On Monday, we get new existing home sales data and the new home sales report follows on Tuesday.
Contracts signed on homes fell by 30%, new housing starts fell 10% and new home sales fell 33%.
The Case-Shiller data was complemented by February new home sales numbers, which point to an upward trend.
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While some consumer-related data was better than expected, both existing and new home sales were weaker than expected.
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The Commerce Department released data for new home sales in March that were stronger than economists had anticipated.
In big cities half the new home sales are in association-managed communities, according to the Community Associations Institute.
Previous reports included that new home sales unexpectedly fell 4.6% in February, the biggest monthly decline in two years.
Reports last week showed new home sales unexpectedly fell 4.6% in February, the biggest monthly decline in two years.
U.S. stock futures were modestly higher ahead of data including durable goods orders, consumer confidence and new home sales.
New home sales are expected to fall about 10.4 percent, from 1.06 million in 2006 to 950, 000 this year.
This week, we get more news on housing, with existing home sales on Tuesday and new home sales this Wednesday.
During the first 27 days of November, new home sales in Shanghai totaled only 382, 000 square meters, Deovolente data showed.
And economists particularly like seeing new home sales because it's someone really betting on the future, and that's a really good sign.
Economic releases, which include new home sales data and weekly jobless claims figures, will be under increased scrutiny following Mr. Bernanke's comments.
Fears about a lack of new home sales and the unwillingness of consumers to buy new automobiles added fuel to the fire.
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We get more data on housing Thursday, with the latest new home sales figures, as well as the weekly jobless claims report.
New home sales in the U.S. haven't been this low since 1991.
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