Construction Put In Place
LOS ANGELES | Sales of new homes unexpectedly sank 12.4 percent in July to the lowest point since the government began keeping records in 1963. It underscored continued weakness in the housing market, which tanked after the expiration this spring of a tax break for home buyers who were alrea…
WASHINGTON | New home construction edged up slightly in July but applications for building permits tumbled to the lowest point in 14 months, a sign of continued stress in housing.
WASHINGTON (AP) — A flurry of strong earnings reports renewed Wall Street's optimism in the economic recovery, even as new data Thursday showed homes sales sinking and claims for unemployment benefits rising.
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