You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #9: Sales of New Houses, Consumer Confidence in U.S. Probably Fell [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Latest Breaking News Donate to DU
ozymandius Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-27-08 05:42 AM
Response to Reply #2
9. Sales of New Houses, Consumer Confidence in U.S. Probably Fell
May 27 (Bloomberg) -- New-home sales in the U.S. probably fell to a 17-year low and consumer confidence sank, signs the housing slump is dragging down the economy, economists said before reports today.

Purchases of new homes dropped 1.1 percent in April to an annual pace of 520,000, the fewest since September 1991, according to the median forecast in a Bloomberg News survey. A separate report may show a measure of consumer confidence fell this month to the lowest since 1993.

Concern about declining home values and stricter loan rules are limiting demand and foreclosures throw even more properties on the market. Federal Reserve policy makers view the prospect of larger decreases in house prices and the effect that would have on financial institutions as a ``key source'' of risk to growth.

.....

A report from S&P/Case-Shiller at 9:00 a.m. may show house prices in 20 U.S. metropolitan areas plunged 14.2 percent in March from a year earlier, the most since records were first published in 2001, the Bloomberg survey showed.

The housing downturn and strains on the consumer led Fed policy makers last month to cut their 2008 growth estimate by almost 1 percentage point.

http://www.bloomberg.com/apps/news?pid=20601103&sid=akb...
Printer Friendly | Permalink |  | Top
 
  -STOCK MARKET WATCH, Monday May 27 ozymandius  May-27-08 05:10 AM   #0 
  - Market WrapUp: Cool, Clear Water  ozymandius   May-27-08 05:17 AM   #1 
  - Today's Reports  ozymandius   May-27-08 05:19 AM   #2 
  - Sales of New Houses, Consumer Confidence in U.S. Probably Fell  ozymandius   May-27-08 05:42 AM   #9 
  - pril new-home sales weakest in 26 years yr-on-yr - May consumer confidence at 16-year low  UpInArms   May-27-08 10:22 AM   #42 
  - Oil prices steady above $133 a barrel  ozymandius   May-27-08 05:20 AM   #3 
  - Nigeria attacks boost oil price  ozymandius   May-27-08 05:23 AM   #4 
  - Small business crunched by fuel prices  ozymandius   May-27-08 05:33 AM   #7 
  - Small business sentiment still shaky: poll  UpInArms   May-27-08 06:34 AM   #19 
  - Tillerson to Face Rockefellers, Nuns in Exxon Meeting Showdown  ozymandius   May-27-08 05:44 AM   #10 
  - Soros: Skyrocketing Oil Prices a Bubble (the spirit of Enron lives on)  ozymandius   May-27-08 05:57 AM   #13 
  - Driving in the US becomes a luxury  UpInArms   May-27-08 06:37 AM   #22 
  - As gas goes up, driving goes down  DemReadingDU   May-27-08 08:25 AM   #35 
  - U.S. Vehicle Miles vs. Real Gasoline Price  DemReadingDU   May-27-08 08:33 AM   #36 
  - Record gas prices: 20 straight days: Price for gas tops $4 a gallon in 11 states and Washington, D.C  UpInArms   May-27-08 07:35 AM   #29 
  - Futures point to mixed open on Wall Street  ozymandius   May-27-08 05:26 AM   #5 
  - Borders returns to Web retailing after 7 years  ozymandius   May-27-08 05:27 AM   #6 
  - SABMiller Rises as FT Says InBev Considering Merger (Update1)  ozymandius   May-27-08 05:40 AM   #8 
  - Corn Costs Signal Biggest Beef Surge Since 2003 as Herds Shrink  ozymandius   May-27-08 05:47 AM   #11 
  - Lehman, Morgan Stanley Estimates Cut by Bank of America's Hecht  ozymandius   May-27-08 05:51 AM   #12 
  - Lehman Brothers' dark pools swell  UpInArms   May-27-08 06:36 AM   #21 
  - Back in a few hours.  ozymandius   May-27-08 06:01 AM   #14 
  - Morning Marketeers....  AnneD   May-27-08 09:51 AM   #39 
  - News from the trenches: The Litter Index  TalkingDog   May-27-08 06:28 AM   #15 
  - I hear this am that  AnneD   May-27-08 01:55 PM   #51 
  - dollar watch  UpInArms   May-27-08 06:32 AM   #16 
  - Asia central banks prop up currencies (by selling dollars)  UpInArms   May-27-08 06:33 AM   #18 
     - What? $74.5 billion? Is this a mistake?  ozymandius   May-27-08 11:24 AM   #49 
  - Question: Are credit unions safer than banks?  DemReadingDU   May-27-08 06:33 AM   #17 
  - here's the wiki on credit unions  UpInArms   May-27-08 06:48 AM   #23 
     - yes, there are a lot of satisfied people with credit unions, but  DemReadingDU   May-27-08 06:54 AM   #24 
        - I got a news letter in the mail yesterday...  AnneD   May-27-08 02:07 PM   #53 
           - Thanks, that is good news!  DemReadingDU   May-27-08 02:50 PM   #57 
              - Once you have that experience....  AnneD   May-27-08 04:22 PM   #59 
                 - It's nice to get personal experience like that  DemReadingDU   May-27-08 04:34 PM   #60 
  - US economy in need of urgent action  UpInArms   May-27-08 06:35 AM   #20 
  - Heck us regular joe's could see this comming couple years  skoalyman   May-27-08 07:03 AM   #25 
  - He's Citigroup's CEO. Arrogant, and ignorant what a combo. n/t  fasttense   May-27-08 07:16 AM   #27 
  - "decide to cut back on spending"?!?!?!?  TOJ   May-27-08 01:49 PM   #50 
  - Bank failures to surge in coming years  UpInArms   May-27-08 07:07 AM   #26 
  - List of 32 Commercial Banks and Thrifts May fail  DemReadingDU   May-27-08 07:38 AM   #30 
  - My wife has 401K money in Key Bank. She used to work there.  Dr.Phool   May-27-08 09:06 AM   #37 
     - Same here, I used to work there too.  DemReadingDU   May-27-08 10:21 AM   #41 
        - We've been meaning to get it out of there for a while now.  Dr.Phool   May-27-08 10:29 AM   #43 
        - Spouse just received a letter that his pension is endangered  DemReadingDU   May-27-08 10:31 AM   #44 
        - If it's a small amount, then an insured CD is your best bet  Warpy   May-27-08 10:34 AM   #45 
           - Insured CDs, but they are at risky banks  DemReadingDU   May-27-08 11:06 AM   #47 
  - Watch out for high interest rates  DemReadingDU   May-27-08 07:46 AM   #31 
  - info about ING bank  DemReadingDU   May-27-08 07:16 AM   #28 
  - 5/23/08 CNBC, 6 videos David Walker, former Comptroller  DemReadingDU   May-27-08 08:06 AM   #32 
  - CSPAN: You Think NAFTA, CAFTA & the Economy is Bad Now? Wait...  DemReadingDU   May-27-08 08:09 AM   #33 
  - Just more selling out of america Here's an ole  skoalyman   May-27-08 11:22 AM   #48 
     - Yeh, I remember that  DemReadingDU   May-27-08 02:55 PM   #58 
  - Karl Denninger - The 5-Month Checkup For 2008  DemReadingDU   May-27-08 08:18 AM   #34 
  - ABC Radio National (Aus) has a good recap on the 1929 crash  CatholicEdHead   May-27-08 09:50 AM   #38 
  - This is evident when you look at a graph...  AnneD   May-27-08 09:59 AM   #40 
  - 11:46  ozymandius   May-27-08 10:46 AM   #46 
  - SEC backs healthcare balloting  antigop   May-27-08 02:04 PM   #52 
  - Uh, not to be too picky, Ozy, but isn't today . . . .  Tansy_Gold   May-27-08 02:09 PM   #54 
  - Sure is.  ozymandius   May-27-08 07:12 PM   #61 
  - Zombie debts refuse to die  AnneD   May-27-08 02:23 PM   #55 
  - Treasury prices fall amid mixed economic data  AnneD   May-27-08 02:32 PM   #56 
  - end of the day  ozymandius   May-27-08 07:16 PM   #62 
  - The stocks are going down  andres hunter   May-27-08 07:20 PM   #63 
 

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC