Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li>US <keyword id="408274" type="ORGANIZATION" weightage="60" keywordseo="new-home-sales">new home sales</keyword> soared 13.9% in July to a seasonally adjusted annual rate of 901,000 units, the highest level since December 2006, according to a Tuesday <a href="https://www.census.gov/construction/nrs/pdf/newressales.pdf">release</a> from the US <keyword id="193973" type="ORGANIZATION" weightage="60" keywordseo="Census-Bureau">Census Bureau</keyword>.</li><li>The median sales price jumped 7.2% from the year-ago period to $330,600.</li><li>Sales spiked by 58.8% in the Midwest and shrank by 23.1% in the Northeast.</li><li>The nation's <keyword id="189423" type="PERSON" weightage="60" keywordseo="housing-market">housing market</keyword> has been bolstered in recent months by record-low borrowing costs and strong construction activity.</li><li><a href="https://www.businessinsider.com/?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestutm_source=msn.com&amp;utm_medium=referral&amp;utm_content=msn-slideshow&amp;utm_campaign=bodyurl?utm_source=markets&amp;utm_medium=ingestts&amp;utm_medium=ingest">Visit the Business Insider homepage for more stories</a>.</li></ul>Sales of new homes in the US soared to their highest level since December 2006 in July as Americans took advantage of historically low interest rates.Single-family <keyword id="6429634" type="UNKNOWN" weightage="60" keywordseo="home-sales">home sales</keyword> leaped 13.9% to a seasonally adjusted annual rate of 901,000 units, according to <a href="https://www.census.gov/construction/nrs/pdf/newressales.pdf">data</a> released by the US Census Bureau on Tuesday. Median sales price gained 7.2% to $330,600 from the year-ago period.Economists surveyed by Bloomberg expected a rate of 790,000 sales.The seasonally adjusted estimate for new houses for sale at the end of the month was 299,000, according to the Census Bureau. That level represents a four-month supply of homes should the sales rate hold steady.Read more: <a href="https://www.businessinsider.com/stock-picks-hedge-funds-favorites-beating-market-investing-ideas-goldman-2020-8" target="_blank" rel="noopener">GOLDMAN SACHS: The stocks most loved by hedge funds have smashed the market this year. Here are 15 that those investors flooded into last quarter.</a>Sales jumped the most in the Midwest, soaring 58.8% to 127,000 units. Home sales shrank in the Northeast by 23.1% to 40,000 units.The summer sales boom was largely fueled by low borrowing costs and a lack of listings for existing homes. Mortgage rates sank through July before hitting record lows in early August. Surging homebuilding activity further fueled the spree, but July's rate is likely unsustainable and could cave to a weakened economic backdrop, Oxford Economics said in a note.Read more: <a href="https://www.businessinsider.com/investing-advice-portfolio-strategy-changes-post-covid-world-blackrock-2020-8" target="_blank" rel="noopener">BlackRock unpacks the 4 biggest changes it has made to portfolios since the crisis began 6 months ago — and shares how it's positioning to thrive in a post-COVID world</a>"While strong demand and lower mortgage rates are supportive of further growth in sales, the slow recovery and weak labor market pose downside risks," the firm said.The better-than-expected data follows a similarly positive report on existing home sales. Sales of previously owned homes <a href="https://www.businessinsider.com/us-existing-home-sales-surged-record-july-recovery-continues-housing-2020-8">spiked a record 24.7%</a> to a seasonally adjusted rate of 5.86 million last month, according to a Friday release from the National Association of Realtors. Economists anticipated a 5.41 million rate.Now read more <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> coverage from Markets Insider and Business Insider:<a href="https://www.businessinsider.com/stock-picking-strategy-11-part-model-market-legend-david-ryan-2020-8" target="_blank" rel="noopener">US investing champion David Ryan famously garnered a compounded return of 1,379% in just 3 years. Here is the 11-part criteria he uses to find the next big winner.</a><a href="https://markets.businessinsider.com/news/stocks/ant-group-ipo-jack-ma-files-record-deal-market-debut-2020-8-1029531900">Jack Ma's Ant Group files for IPO, which could reportedly be the biggest ever</a><a href="https://www.businessinsider.com/investing-advice-portfolio-strategy-changes-post-covid-world-blackrock-2020-8"></a><a href="https://markets.businessinsider.com/news/stocks/dow-jones-industrial-average-shakeup-exxon-pfizer-raytheon-removed-2020-8-1029531716">Dow Jones industrial average ditches Exxon, adds tech names in biggest overhaul since 2013</a>

New home sales leap to highest in nearly 14 years as market thrives on low mortgage rates

<div class="KonaFilter image-container display-table float_right"><div><div class="image">REUTERS/Brendan McDermidTraders work on the floor of the New York Stock Exchange.</div></div></div>Stifel Nicolaus' Dave Lutz has a roundup of what traders are talking about right now.
Good Morning! Anticipate a very quiet session - with All of Europe and UK Closed - Aussie and Hong Kong as well - for Easter Bank Holiday, combined with Patriot's Day and Marathon Monday in Boston. With the Dow coming off the Biggest gain of 2014 last week - US Futures are pacing higher, led by a 26bp pop in Nasdaq - but bear in mind that Monday is the worst day of the week for Equities over the last year. Russia is only on major European market open today - and their market is off 60bp as the Geneva agreement frays at the edges. Ukraine's FX is in rally mode however, and Oil lower, showing no major stress re-building with the Euro players at home. There was some Stress building in Asia as China seizes a Japanese Ship - "Compensation" for 2 ships leased from a Chinese company before the two countries went to war in 1937. Shanghai lost 1.5% as a list of 28 upcoming IPOs was released, while Japan was basically unchanged on volume 40% light to average. Focus will clearly be on earnings this week - We have 50% of the weight of the ITB (Builders) and IBB (Biotech) reporting.
The 10YY continues it's upside trajectory - testing the 200dma at 2.72% right now. The DXY has some upside trajectory, as the Yen breaks down relative to the $, a capital market tailwind. We have Gold on 2week lows, and Silver retreating over 1.3% and nearing 9month lows. We have both Brent and WTI retreating small, helping Gasoline come off 13month highs. We will keep an eye on Alberta Oil, as the Keystone Decision is delayed for another year. Wheat is your worst performing commodity, losing over 2% despite weekend headlines talking a killer fungus. We have a very quiet calendar today, with only Chicago Fed at 8:30, U Leading Index at 10, and a small POMO at 11. Some major catalysts this week include Regional Fed Indices, Heavy Home Data - FHFA House Price, Existing and New Home Sales for March, Global PMIs, Former Fed Chairman Bernanke Speaks, and the HSBC China Manufacturing PMI for April.

You Searched For "Keystone Realtors ipo listing gains" and got 4 results

New home sales leap to highest in nearly 14 years as market thrives on low mortgage rates

Ben Winck

Here's A Quick Guide To What Traders Are Chatting About Right Now

Sam Ro

FED BEIGE BOOK CONFIRMS RESTRAINED SALES GROWTH

Matthew Boesler

BEIGE BOOK: The US Economy Is Experiencing 'Modest Or Moderate' Growth

Matthew Boesler

Popular Keywords

Buying Guides