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Added on the 23/02/2016 21:21:24 - Copyright : Reuters EN
Comparable store sales at the U.S.' largest home improvement retailer shot up nearly 9 percent in the latest quarter. Fred Katayama reports.
Quarterly revenue shot up at the world's largest home improvement chain as consumers spend money on renovating their homes. Fred Katayama reports.
The retailer's comparable sales grew solidly unlike that of rivals Macy's and Kohl's. One analyst calls it the "best performing department store right now." Fred Katayama reports.
Hawthorn Woods, Jul 26 (EFE/EPA).- The number of new homes sold in the United States dropped by 6.6 percent or an annual rate of 676,000 single family homes, according to the monthly report issued by the US Census Bureau and the US Department of Housing and Urban Development on Monday. (Camera: TANNEN MAURY). SHOT LIST: A DRONE FOOTAGE OF THE NEW HOUSES FOR SALE IN A NEIGHBORHOOD AND THE CONSTRUCTION OF SEVERAL NEW HOUSES IN HAWTHORN WOODS, ILLINOIS, US.
Ending a six-month run of spiraling demand, sales of existing homes in the US contracted in November. It's being read as a signal that rising prices and historically low supply is finally slowing the housing market's rally. According to Business Insider, the National Association of Realtors says home sales fell 2.5% last month to a seasonally adjusted annual rate of 6.69 million. The median price for existing homes fell to a six-month low as well, dipping month-over-month to $310,800 from $313,100. Even so, the pace is still up 25.8% from the year-ago period.
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