A sale pending sign stands in front of a home for sale in Larkspur, California. (Photo by Justin Sullivan/Getty Images)
Sales of new U.S. single-family homes rose to a six-year high in September, but a sharp downward revision to August's sales pace indicated the housing recovery remains tentative. The Commerce Department said sales increased 0.2 percent to a seasonally adjusted annual rate of 467,000 units, the highest reading since July 2008. "We expect the housing market recovery to remain relatively gradual over the coming months," said Gennadiy Goldberg, an economist at TD Securities in New York. [Full Story]
Related Stories
Analyst Jim Bianco: The Fed Is 'Definitely in the Market Manipulation Business'
The Federal Reserve played a major role in helping the stock market recover from its correction that peaked last Wednesday, when the S&P 500 Index fell 10 percent below its Sept. 19 record high, says MarketWatch columnist Howard Gold.... [Full Story]
U.S. stocks rose, with the Standard & Poor's 500 Index capping its best [Full Story]
My how things can change. Just three weeks ago the dollar hit a six-year [Full Story]
Stock market guru Jeremy Siegel, finance professor at University of [Full Story]
Jeff Bezos is running a non-profit at Amazon rather than a business, [Full Story]
The U.S. House committee looking into the defective air bags made by [Full Story]
Sales of new U.S. single-family homes rose to a six-year high in September, [Full Story]
U.S. crude oil prices hit a two-year low last week, leaving some financial [Full Story]
Sales of new U.S. single-family homes rose to a six-year high in September, [Full Story]
A shortage of transportation equipment and possible labor disruptions at the Los Angeles/Long Beach port complex, the nation's busiest, is delaying shipping containers for up to three weeks, threatening timely delivery to retailers for the holiday season. [Full Story]
Ford Motor Co., making less money while F-150 truck production is suspended, said third-quarter profit fell less than analysts had projected as the company continues to grow in China where it now outsells Toyota.Ford, which said last month it won't achieve its 2014 profit... [Full Story]
U.S. stocks rose, with the Standard & Poor's 500 Index capping its best week since 2013, as companies from Procter & Gamble to Microsoft climbed after reporting earnings. [Full Story]
For investors seeking income, now's a difficult time. Both short- and long-term interest rates remain near record lows, and some experts expect the Federal Reserve to refrain from raising short-term rates until 2016. [Full Story]
Add BlackRock CEO Larry Fink to those warning that America is facing a retirement crisis. [Full Story]

Market Watch
Company Name or Symbol: 

Click Here for Pre-Market Data

Email:
Country
Zip Code:
Privacy: We never share your email.
 
Insiders
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus



Around the Web
Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved