Latest Home sales News

The American flag flutters in the wind as work is done on the roof of a building under construction in Sacramento, Calif., Tuesday, March 31, 2020. While most Californian's have spent more than a week under a mandatory stay-at-home order, because of the coronavirus, construction work is among the jobs exempt as part of the

US construction spending down 1.3% in February

Apr. 1, 2020 10:34 AM EDT

WASHINGTON (AP) — Spending on U.S. construction projects fell 1.3% in February with housing and nonresidential construction both showing weakness even before the coronavirus struck with force in the United States. The Commerce Department said Wednesday that the February decline followed a 2.8% rise in...

FILE - In this Feb. 20, 2020 file photo, a

US pending home sales trended higher before virus outbreak

Mar. 30, 2020 11:15 AM EDT

BALTIMORE (AP) — Americans signed more contracts in February to buy homes, but the gains are likely relics of a moment before the coronavirus outbreak sent the U.S. economy spiraling into a likely recession. The National Association of Realtors said Monday that its pending home sales index, which measures...

The Latest: Ford shares up 34% in two days amid stock rally

Mar. 25, 2020 4:49 PM EDT

NEW YORK (AP) — The Latest on the action in the financial markets (all times local): 4:45 p.m. Shares of Ford Motor Co. shot up 34% over the past two days, closing Wednesday at $5.39. The spike came less than a week after the company suspended its dividend and borrowed $15.4 billion to weather any...

Model homes and for sale signs line the streets as construction continues at a housing plan in Zelienople, Pa., Wednesday, March 18, 2020.  U.S. new home sales fell 4.4% in February with bigger declines expected in coming months as the coronavirus puts a major crimp on home sales. (AP Photo/Keith Srakocic)

New home sales drop 4.4% in February

Mar. 24, 2020 11:03 AM EDT

WASHINGTON (AP) — U.S. new home sales fell 4.4% in February with bigger declines expected in coming months as the coronavirus puts a major crimp on home sales. The Commerce Department said Tuesday that February sales dropped to a seasonally adjusted annual rate of 765,000 homes, down from a rate of 800,000...

New home sales fall 4.4% in February to 765,000 as economists seek first indications of virus outbreak

Mar. 24, 2020 10:11 AM EDT
WASHINGTON (AP) — New home sales fall 4.4% in February to 765,000 as economists seek first indications of virus outbreak.

This Week: Home sales, GameStop results, consumer spending

Mar. 23, 2020 1:11 AM EDT

A look at some of the key business events and economic indicators upcoming this week: SPOTLIGHT ON HOUSING The Commerce Department issues its February tally of new home sales Tuesday. Sales rose to a seasonally adjusted annual rate of 764,000 in January, the fastest pace in more than 12 years, as low unemployment...

Construction continues at a housing plan in Zelienople, Pa., Wednesday, March 18, 2020.  Economic and housing market trends at the start of the year both favored U.S. homebuilders' prospects for 2020. That was then. But with the coronavirus outbreak now expected to tip the U.S. into recession, the National Association of Home Builders projects that new home construction and sales will take a hit as efforts to contain its spread disrupt large swaths of the economy.  (AP Photo/Keith Srakocic)

NAHB chairman talks coronavirus impact on homebuilding

Mar. 22, 2020 8:01 AM EDT

LOS ANGELES (AP) — Economic and housing market trends at the start of the year both favored U.S. homebuilders’ prospects for solid sales in 2020. Sales of new homes rose by the fastest pace in more than 12 years in January, and last month sales of existing homes hit an all-time high as steady...

Model homes and for sale signs line the streets as construction continues at a housing plan in Zelienople, Pa., Wednesday, March 18, 2020. U.S. home sales jumped in February to their highest level in 13 years, a trend that will almost certainly be reversed as the viral outbreak keeps more people at home.  (AP Photo/Keith Srakocic)

US home sales jumped to 13-year high before viral outbreak

Mar. 20, 2020 6:47 PM EDT

WASHINGTON (AP) — U.S. home sales jumped in February to their highest level in 13 years, a trend that will almost certainly be reversed as people stop showing their property out of fear of infection in the coronavirus outbreak. The National Association of Realtors said Friday that home sales jumped 6.5%...

US home sales jumped in February to 13-year high, before viral outbreak began to slow purchases

Mar. 20, 2020 10:01 AM EDT
WASHINGTON (AP) — US home sales jumped in February to 13-year high, before viral outbreak began to slow purchases.
In this photo taken Wednesday, March 11, 2020, Renee Brown, vice-president of Wild Card Roasters, poses between a pair of coffee roasters at her roastery and cafe in San Rafael, Calif.   As the coronavirus spreads, many small business owners are rethinking their strategies and adjusting the way they work. (AP Photo/Eric Risberg)

Coronavirus forces small businesses to rethink strategies

Mar. 12, 2020 4:54 PM EDT

NEW YORK (AP) — Renee and Michael Brown planned to open a third location for their coffee company — and put their plans on hold when the coronavirus hit. Sales at the Browns' San Francisco coffee shop, Weaver's Coffee & Tea, are down about 4%; while that's not drastic, the coronavirus outbreak...