New-Home Sales Roar to a 4-Month High in March

Tuesday, 24 April 2018 21:24 WIB

New-home sales ran at a 694,000 seasonally adjusted annual rate in February, the Commerce Department said Tuesday. Sales of newly-constructed homes surged, and earlier estimates were revised up, painting a rosier picture of the housing market than many economists had expected. The 694,000 rate in March was 4% above upwardly-revised February figures, and the highest pace since November. It was 8.8% higher than a year ago. The March report trounced the MarketWatch consensus forecast, for a 630,000 annual pace. At the current pace of sales, it would take 5.2 months to exhaust available...

Read more

RECENT NEWS

Consumer confidence unexpectedly rose in April, according to a report Tuesday from the New York-based Conference Board.  The groups index increased to 128.7, from a revised 127 in the prior month. The median forecast in a Bloomberg survey of economists called for a reading of 126. Source : Bloomberg

Inflation in Australia was lower-than-expected in the first three months of the year, with wages growth remaining flat, likely keeping interest locked at record lows for some time. Consumer prices rose 0.4% in the first quarter and were up 1.9% from a year earlier, the Australian Bureau of Statistics said Tuesday. Economists had expected consumer prices to rise 0.5% in the quarter and 2.0% from...

U.K. retail sales plunged in March as snow and freezing temperatures kept consumers indoors and disrupted deliveries of stock. The volume of goods sold in stores and online declined 1.2 percent, double the drop predicted by economists, figures from the Office for National Statistics Thursday show. Sales excluding auto fuel fell 0.5 percent, also more than forecast. Travel chaos paralyzed...

Australian employment rose less than forecast in March and the previous months gain was revised to a decline, suggesting the central bank will keep interest rates on hold. Jobs rose 4,900 from February, when they dropped by a revised 6,300;economists forecast 20,000 gain for March. Unemployment rate was 5.5%; estimate 5.5%. Full-time jobs fell 19,900; part-time employment climbed...

U.K. inflation slowed to the weakest level in a year in March as the Bank of England prepares to lift interest rates next month. Consumer prices rose 2.5 percent from a year earlier, down from 2.7 percent in February, the Office for National Statistics said on Wednesday. Thats less than economists estimated. Core inflation cooled to 2.3 percent, also the lowest rate in a year. The figures...

Housing starts ran at a seasonally adjusted annual pace of 1.32 million in March, up 2% compared to February, the Commerce Department said Tuesday. Permits were at a seasonally adjusted annual 1.35 million rate. Builders broke ground on more homes in March, and earlier estimates were revised up handily, suggesting more momentum in the home construction industry than had been seen. The 1.32...

U.K. wages are rising at their fastest pace in almost three years, raising the prospect of an end to the squeeze on living standards. Annual pay growth excluding bonuses accelerated to 2.8 percent in the three months through February, the Office for National Statistics said Tuesday. Consumer-price inflation averaged 2.9 percent in the same period and is forecast to fall toward 2 percent this...

China economic expansion held up amid robust consumer spending, underpinning global growth and giving authorities more room to purge excessive borrowing. Gross domestic product increased 6.8 percent in the first quarter from a year earlier, matching the pace from the previous quarter as projected in a Bloomberg survey. Retail sales increased 10.1 percent in March from...

ASIA
Australian retail sales rise in February
Wednesday, 4 April 2018 11:52 WIB Australian retail sales rose in February, led by a rebound in department store sales following several poor months. Retail sales rose by 0.6% in...
UNITED STATES
U.S. retail sales spring back 0.6% in March after three straight declines
Monday, 16 April 2018 19:50 WIB Sales at U.S. retailers rose 0.6% in March to end a streak of three straight declines, underscoring the improved financial picture of U.S....
EUROPE
U.K. Inflation Drops More Than Expected to Slowest in a Year
Wednesday, 18 April 2018 16:01 WIB U.K. inflation slowed to the weakest level in a year in March as the Bank of England prepares to lift interest rates next month. Consumer prices...
GLOBAL ECONOMY
Oil prices could sink to $20 a barrel, warns Goldman
Friday, 11 September 2015 18:14 WIB The global supply glut in the oil market is even bigger than expected and could push prices to as low as $20 a barrel, Goldman Sachs warned in a...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.