• Rebound in South powers U.S. new home sales, dampens prices

    20 days ago - By Reuters

    WASHINGTON - Sales of new U.S. single-family homes increased more than expected in May as transactions in the South surged to near an 11-year high and dampened prices, but the overall housing market remained constrained by a dearth of properties for sale.
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  • AdvantageGo VP: Some Insurers Are Reluctant to Quicken Pace of Tech Adoption

    20 days ago - By A.M. Best

    Martyn Sutton, U.S. vice president at commercial insurance software firm AdvantageGo, said focus on risk avoidance may affect an insurer's appetite for embracing new technology in a timely fashion. ...
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  • New Home Sales increase to 689,000 Annual Rate in May

    New Home Sales increase to 689,000 Annual Rate in May

    20 days ago - By Calculated Risk

    The Census Bureau reports New Home Sales in May were at a seasonally adjusted annual rate of 689 thousand.
    The previous three months were revised down, combined.
    "Sales of new single-family houses in May 2018 were at a seasonally adjusted annual rate of 689,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.7 percent above the revised April rate of 646,000 and is 14.1 percent above the May 2017 estimate of 604,000. " emphasis added
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  • A few Comments on May New Home Sales

    A few Comments on May New Home Sales

    20 days ago - By Calculated Risk

    New home sales for May were reported at 689,000 on a seasonally adjusted annual rate basis. This was above the consensus forecast, however the three previous months. combined, were revised down.
    Sales in May were up 14.1% year-over-year compared to May 2017. This was strong YoY growth, however, this was also a fairly easy comparison since new home sales were soft in mid-year 2017.
    Earlier: New Home Sales increase to 689,000 Annual Rate in May .
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  • China Trade War Potential Casualties Include U.S. Casinos In Asia

    20 days ago - By Forbes

    China uses the financial muscle of government, business and consumers to reward friends and punish enemies. U.S. owned casinos may feel the sting.
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  • U.S. New-Home Sales Strengthen

    20 days ago - By Economy

    There was a jump in May, but the improvement was isolated to the South.
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  • Are Volvos Really Tops In Safety? New S60 Crash Mitigation Feature May Add Heft To The Claim

    20 days ago - By Forbes

    Volvo now offers a feature that can reduce speed and force when a frontal impact is inevitable. It will be available on a new model, the first to be built in the U.S.
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  • Hotels in the Middle East Report 9.1 Percent RevPAR Drop for May 2018

    20 days ago - By Hotel News Resource

    Bahrain performance drops due to Ramadan calendar shift, new supply - Egypt room rates highest for any May on record - South Africa demand lowest since January 2015, Cape Town declines continued
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  • The Hotel Industry in the Central/South America Region Reports Positive Results for May 2018

    20 days ago - By Hotel News Resource

    Argentina continues streak of double-digit growth - Ecuador room rates decline for third-straight month Panama demand drives performance
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  • Rebound in South powers U.S. new home sales in May

    20 days ago - By Reuters

    WASHINGTON - Sales of new U.S. single-family homes increased more than expected in May as sales in the South surged to their highest level in nearly 11 years.
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  • Stocks fall on report US may limit tech exports to China

    20 days ago - By Chron

    NEW YORK - U.S. stocks are falling Monday morning following losses in Europe and Asia, and technology companies are skidding after The Wall Street Journal reported that the Trump administration plans to limit high-tech exports to China and will limit Chinese investment in American technology companies. Harley-Davidson is falling after it said it will shift the production of some motorcycles to Europe in response to taxes the EU put on U.S. exports.
    KEEPING SCORE: The S&P 500 index shed 27 points, or 1 percent, to 2,727 as of 10 a.m. Eastern time. The Dow Jones Industrial Average lost 275...
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  • US new-home sales climbed 6.7 percent in May

    20 days ago - By Chron

    WASHINGTON - Sales of new U.S. homes jumped 6.7 percent in May, with purchases in the South accounting for all of the monthly gains.
    The Commerce Department said Monday that new homes sold last month at a seasonally adjusted annual rate of 689,000, up from 646,000 in April. The South reported monthly sales growth of 17.9 percent, while sales were flat in the Midwest and fell in the Northeast and West.
    For the first five months of this year, new-home sales have risen 8.8 percent as a solid job market and shortage of existing homes on the market have boosted demand. In a sign that buyers are...
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  • Carnival shares sink on outlook, cost concerns

    20 days ago - By Chron

    NEW YORK - Carnival Corp. shares tumbled Monday after the cruise operator gave a weaker-than-expected outlook, citing growing fuel costs.
    The stock fell $6.11, or 9.6 percent, to $57.42 in morning trading. The lackluster guidance and concern over growing costs helped drag down its peers.
    Shares of Norwegian Cruise Line Holdings Ltd. fell $3.17, or 6.1 percent, to $48.17. Royal Caribbean Cruises Ltd. shares fell $5.12, or 4.6 percent, to $106.43.
    Miami-based Carnival's second-quarter profit jumped 48 percent to $561 million, or 78 cents per share. Earnings, adjusted for non-recurring gains...
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  • New home sales climb 6.7% after last month's drop

    20 days ago - By Inman

    New home sales climbed 6.7 percent month-over-month to a seasonally adjusted total of 689,000 in May.
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  • Sales of new U.S. homes jumped 6.7 percent in May; South accounts for all of monthly sales growth

    20 days ago - By Chron

    WASHINGTON - Sales of new U.S. homes jumped 6.7 percent in May; South accounts for all of monthly sales growth.
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