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The U.S. economy contracted less in the first quarter of the year than previously estimated, according to a Commerce Department report released Wednesday.
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Fueled partly by an increase in sales to first-time buyers, existing-home sales in May rose to their highest pace in nearly six years.
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A measure of consumer confidence has increased following a sharp downturn, while new home sales rebounded strongly, according to reports released on Tuesday.
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A first look at the nation’s manufacturing sector shows activity has declined for the second straight month. However, a measure of future economy activity is on the upswing.
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Sales of new homes in the U.S. during March fell the most in more than 18 months following three straight monthly gains, according to the Commerce Department.
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Existing-home sales in the U.S. jumped in March to their highest annual rate in 18 months, according to the National Association of Realtors on Wednesday. Led by the Midwest, all major regions experienced strong sales gains in March and are above their year-over-year sales pace.
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Existing-home sales in the U.S. increased modestly in February, but constrained inventory levels pushed price growth to its fastest pace in a year, according to the National Association of Realtors on Monday.
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Sales of new single-family homes slipped in January from the month before but are up compared to the same time a year earlier.
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Existing-home sales in the U.S. declined in January to their lowest rate in nine months, but the pace was higher than a year ago for the fourth straight month, according to the National Association of Realtors.
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Shipments of U.S. manufactured durable goods, those designed to last three years or more, rebounded in December but new orders turned in its worst performance since August, according to a new U.S. Commerce Department report.
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