• US business activity falls for the first time since 2013 amid the coronavirus outbreak

    1 month ago - By Business Insider

    The IHS Markit purchasing managers' index fell 3.7 points to 49.6 on Friday. The index measures composite output at factories and service providers.
    Any reading below 50 signals a contraction. Friday's PMI marks the first contraction in US business activity since 2013.
    The deterioration in PMI "was in part linked to the coronavirus outbreak, manifesting itself in weakened demand across sectors such as travel and tourism, as well as via falling exports and supply chain disruptions," said IHS Markit economist Chris Williamson in a statement.
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  • January existing home sales dipped 1.3% vs. 2.0% decrease expected

    January existing home sales dipped 1.3% vs. 2.0% decrease expected

    1 month ago - By CNBC

    CNBC's Ylan Mui reports on the latest home sales data.
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  • NAR: Existing-Home Sales Decreased to 5.46 million in January

    NAR: Existing-Home Sales Decreased to 5.46 million in January

    1 month ago - By Calculated Risk

    From the NAR: Existing-Home Sales Drop 1.3% in January
    Existing-home sales declined in January, continuing a fluctuating pattern of monthly increases and declines, according to the National Association of Realtors®. Significant declines in the West region dragged down nationwide numbers, with the other three major U.S. regions reporting marginal - or no - changes last month.
    Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 1.3% from December to a seasonally-adjusted annual rate of 5.46 million in January...
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  • U.S. existing home sales fall as supply tightens

    1 month ago - By Reuters

    U.S. home sales fell in January amid a dearth of houses, but the supply squeeze is likely to ease as building permits and the number of homes under construction are at levels last seen nearly 13 years ago.
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  • Existing-home sales drop 1.3% in January: NAR

    1 month ago - By Inman

    Despite the drop, sales are up annually - 9.6 percent higher than in January 2019, according to the National Association of Realtors.
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  • Alert: US home sales fell 1.3% in January, prices rising as property listings shrink

    1 month ago - By Chron

    WASHINGTON - US home sales fell 1.3% in January, prices rising as property listings shrink.
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  • US home sales sales fell 1.3% in January

    1 month ago - By Chron

    WASHINGTON - U.S. home sales retreated 1.3% in January from the prior month, but low mortgage rates helped enable an increase in purchases from a year ago.
    The National Association of Realtors said Friday that sales of existing homes slipped last month to a seasonally adjusted annual rate of 5.46 million. Sales have climbed 9.6% over the past 12 months as borrowing costs have fallen. But sales could be squeezed in the coming months because of a shortage of homes listed for sale.
    Just 1.42 million homes were on the market at the end of January, a 10.7% decline from a year ago. With fewer...
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