Japanese manufacturers gloomy

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Show Comments ▼ KCS-content Wednesday 29 September 2010 11:07 pm Japanese manufacturers turned more pessimistic about their outlook for the first time in almost two years this quarter in a sign that a strong yen could derail the economic recovery and spur the central bank to ease policy next week. The Bank of Japan’s Tankan survey for the three months to September showed big firms planned to raise capital spending at slower pace than expected as a recovery in exports slows. Share center_img whatsapp Japanese manufacturers gloomy whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULLlast_img read more

US new home sales plunge to record low

first_img Tags: NULL US new home sales plunge to record low Share whatsapp whatsapp New US single-family home sales unexpectedly fell in February to hit a record low and prices were the lowest since December 2003, in signs of a deepening housing market slide.Sales dropped 16.9 per cent to a seasonally adjusted 250,000 unit annual rate, the lowest since records began in 1963, after an upwardly revised 301,000-unit pace in January, new data from the Commerce Department has shown.Sales plunged to all-time lows in three of the four regions last month. Economists polled by Reuters had forecast new home sales edging up to a 290,000-unit pace last month from a previously reported 284,000 unit rate.“It’s been a disappointing February for home sales and there are no signs of a turnaround,” said Kurt Karl, chief US economist at Swiss Re in New York.“We’re going to have a continuing slowdown in the next few months, but people will start to feel better in the second half of the year and construction and sales should do better later this year and into next year.”U.S. stock indexes fell on the data, while government debt prices rose marginally. The dollar was little changed.Compared to February last year sales were down 28 per cent.An oversupply of homes exacerbated by an increasing flood of properties falling into foreclosure is frustrating recovery in the housing market. Data on Monday showed a steep drop in sales of previously owned homes in February, with prices tumbling to a near nine-year low.The median sales price for a new home also plunged 13.9 per cent last month to $202,100, the lowest since December 2003. Compared with February last year, the median price fell 8.9 per cent. Persistent price declines could dampen hopes of a pick-up in sales during spring.In the face of stiff competition from foreclosed properties, which typically sell well below market value, builders are holding back on new construction.At February’s sales pace, the supply of new homes on the market rose to 8.9 months’ worth, the highest since August, from 7.4 months’ worth in January.There were 186,000 new homes available for sale last month, matching the prior month’s inventory. That was still the smallest supply of home since 1967.New home sales account for less than ten per cent of overall sales. Wednesday 23 March 2011 10:54 am alison.lock Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeStyleVamp11 Celebs And Their Historical DoubleStyleVampBewadaHusband Divorced His Wife After Looking Closer At This PhotoBewadavirimi.com14 Efficient Arm Workouts To Build Might & Muscle – Virimivirimi.comadvisor15 Plants that Repel Mosquitoes Naturallyadvisorcutenova.comTake a Peek at 10 of the Most Expensive Houses in the Worldcutenova.comHealth.recetasgetHeart Attack Early Warning Signs and SymptomsHealth.recetasgetDinnerZUTop 5 Foods That Help Lose Weight FastDinnerZUBuzzDestination7 Types of Men Who Are Not Made For RelationshipsBuzzDestination5log – Livinguard®This mask has been sold out in Germany 5 days after the government has tighten up5log – Livinguard®last_img read more