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Sliding new home sales confirm weakening US property market
AFP   Friday, 25 August 2006

A for sale sign is stands in front of a home 23 August 2006 in Miami, Florida. New US home sales tumbled 4.3 percent in July to an annual rate of 1.072 million units, the Commerce Department said in the latest sign of a sputtering real estate market.(AFP/Getty Images/File/Joe Raedle)AFP - New US home sales tumbled 4.3 percent in July from June, according to the latest data to cast a shadow over growth and consumer spending in the world's largest economy.


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Wall St edges up as traders digest data
FT.com   Friday, 25 August 2006
FT.com - Wall Street closed barely higher on Thursday after mixed trading for much of the day, as investors digested data on home sales and durable goods orders that gave further indications of a slowing economy.
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Wall St mixed as traders digest data
FT.com   Friday, 25 August 2006
FT.com - Wall Street traded mixed on Thursday, as investors digested data on home sales and durable goods orders that gave further indications of a slowing economy.
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A Cool July for Housing
BusinessWeek Online   Thursday, 24 August 2006
BusinessWeek Online - Prospects for the U.S. housing market took a turn for the worse on Aug. 23, with the release of a government report that showed existing home sales had tumbled 4.1% in July to a 6.33 million unit annual pace. That is from a revised 6.6 million rate in June (from 6.62 million previously). The July figures represent the fourth straight monthly decline and leave home sales more than 11% lower than the year-ago figure.
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Stock futures edge up
Reuters   Thursday, 24 August 2006

The New York Stock Exchange in a file photo. (Peter Foley/Reuters)Reuters - U.S. stock futures edged higher on Thursday after acquisition news from drug store chain Rite Aid Corp. , but investors braced for data on durable goods orders and homes sales.


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Existing-Home Sales Hit 21/2-Year Low As Inventory Swells
Investor's Business Daily   Thursday, 24 August 2006
Investor's Business Daily - In the latest round of bad news for the housing market, July existing-home sales fell for a fourth straight month as unsold homes hit their highest level in a decade.
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Real Estate ETFs Avoid Home Market Carnage
Investor's Business Daily   Thursday, 24 August 2006
Investor's Business Daily - Wednesday brought more bad news for the real estate market with the report that existing-home sales dropped sharply in July.
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Dollar strengthens despite weak US housing data
AFP   Thursday, 24 August 2006

A banker shows US dollar notes.  The euro fell against the dollar, unable to benefit from news that US home sales slumped in July that reinforced signs of a slowdown in the world's biggest economy.(AFP/File/Adek Berry)AFP - The euro fell against the dollar, unable to benefit from news that US home sales slumped in July that reinforced signs of a slowdown in the world's biggest economy.


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US existing home sales dive to 32-month low
AFP   Thursday, 24 August 2006

A "For Sale" sign seen here in August 2005, in Washington, DC. Sales of US homes plunged in July to their lowest point since January 2004, according to data that confirmed that the long-booming property market is hitting the brakes hard.(AFP/File/Tim Sloan)AFP - Sales of US homes plunged in July to their lowest point since January 2004, according to data that reinforced signs that the long-booming property market is hitting the brakes hard.


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Stocks slide on weak housing data, Iran standoff
Reuters   Thursday, 24 August 2006

Homes under construction in Woodridge, Illinois, a suburb of Chicago, April 16, 2004. Sales of existing home fell in July to their lowest rate in 2 1/2 years, the National Association of Realtors said, and the decline was more than economists had forecast. (John Gress/Reuters)Reuters - U.S. stocks fell on Wednesday after a report showed existing home sales declined to the lowest level in more than two years, stoking fears that consumer spending will slow and hurt economic growth.


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Treasury bonds recover from dip
AP   Thursday, 24 August 2006
AP - An unconventional reaction to weak home sales data Wednesday saw an initial sell-off in government bonds, though they recovered later in the session to remain unchanged on the day.
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