Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
July Home Sales Expected To Rise To Three-year High
WASHINGTON (8/20/13)--U.S. home sales likely rose in July to the highest level in more than three years, according to economists' forecasts in a Bloomberg survey. 
 
The expected increase was buoyed by growing demand for residential real estate. Combined purchases of new and existing homes probably increased to a 5.64 million annualized pace--the fastest since November 2009, according to the forecasts.
 
Home values and builder confidence is being bolstered by improving sales--even in the face of higher borrowing costs--and a limited supply of homes, lots and building materials (Bloomberg.com Aug. 18).
 
In the second half of 2013, economic growth should be strengthened by the fading effects of across-the-board cuts in federal spending, along with gains in auto markets and housing, Bloomberg said.
 
A slowly improving economy should continue to support an ongoing housing recovery, Roberto Perli, a partner for Cornerstone Macro LP in Washington, D.C., told Bloomberg. Market fundamentals are robust enough to overcome higher mortgage interest rates, he added.
RSS print
News Now LiveWire
Stay tuned for coverage of @CUNA's BSA conference which starts Sunday. #CUNABSA #CUNACompliance
7 hours ago
Today's the last day to complete @CUNA's Home Depot data breach survey http://t.co/UcB8G9bVXe #StoptheDataBreaches
8 hours ago
Brenda Davis of Cross Roads Ministries will walk through 83 communities during the Ending Hunger Walking tour. (2 of 2)
9 hours ago
The Ending Hunger Walking tour, coordinated by the Maine CU League, kicked off at Old Maine CU in Augusta today. (1 of 2)
9 hours ago
Darwin Brokke of Citizens Community CU represented the #CU Association of Dakotas at a housing summit hosted by @SenatorHeitkamp
10 hours ago