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US new home sales tumble to 6-1/2-year low; prices still high

New single-family home sales drop 12.6% in July Median house price up 8.2% to $439,400 from year ago Private sector activity contracts again in August WASHINGTON, Aug 23 (Reuters) – Sales of new US single-family homes plunged to a 6-1/2-year low in July as persistently high mortgage rates and house prices further eroded affordability. The …

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US housing starts near 1-1/2-year low; factory output rebounds

Housing starts drop 9.6%; building permits fall 1.3% Single-family starts tumble 10.1%; permits drop 4.3% Housing construction backlog rises 5.0% Manufacturing production rebounds 0.7% WASHINGTON, Aug 16 (Reuters) – US homebuilding fell to the lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and prices for construction materials, suggesting the …

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Five Chinese state-owned companies to delist from NYSE amid US tensions

SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned companies, including oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS), said on Friday they would delist from the New York Stock Exchange, amid economic and diplomatic tensions with the United States. The companies, which also include Aluminum Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and …

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Rates on US 30-year mortgages see the biggest one-week increase since 1987

A home for sale is seen in the Penn Estates development where most of the homeowners are underwater on their mortgages in East Stroudsburg, Pennsylvania, US, June 20, 2018. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com register NEW YORK, June 16 (Reuters) – US housing finance giant Freddie Mac said on Thursday …

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