bloomberg.com - 12/23/2008
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Dec. 23 (Bloomberg) -- Sales of new and existing homes in the U.S. fell in November to a nine-year low as a scarcity of credit and falling consumer confidence dissuaded potential buyers, economists said before reports today. Purchases dropped 1.4 percent to an annual pace of 5.345 million ...
online.wsj.com - 12/23/2008
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online.wsj.com —
WASHINGTON -- Sales of both new and existing
homes tumbled in November, and prices continued to fall,
as a plunging stock market and a sharply deteriorating economy drove consumers out of the market. Sales of existing homes, which include ...
(more)
Existing, New Home Sales Plunge
bloomberg.com - 12/16/2008
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bloomberg.com —
Dec. 16 (Bloomberg) -- U.S. builders broke ground
in November on the fewest new homes since record-keeping
began, signaling the housing slump will extend into a fourth year. Construction starts on housing fell 18.9 percent last month to an annual ...
(more)
Housing Starts in U.S. Fell 18.9% to 625,000 Pace (Update2)
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Economy Continues Shrinking
The Page by Mark Halperin —
New GDP figures show the economy shrank by an annual rate of .5% between July and September, matching estimates. Corporate profits fell by 1.2%.
Plus: November housing figures expected to fall to new low.
...
Housing Figures Expected to Fall to New Low
The Page by Mark Halperin —
Sales of new and existing homes in the U.S. in November may well fall to a nine-year low, economists predicted before reports emerged Tuesday.
Investors are also bracing for quarterly final GDP figures. ...
Great Depression News: Holiday Edition!
Politics Daily —
Filed under: Breaking News, Economy, Religion, CrimeGather round the family around computer while you can still afford to pay for the internet connection, there's holiday news afoot! The four horsemen of our economic apocalypse continue their ride through the ravaged landscape, leaving behind more tales of woe like so many lumps of coal left at the bottom fireplace stockings. Here then, a round-up of the latest shadenfruede stories from across our great land, just in time for Hannukah and Christmas! The New York Times has a holiday shopping piece titled, As Economy Dips, Arrests for Shoplifting ...
Economy Continues Shrinking
The Page by Mark Halperin —
New GDP figures show the economy shrank by an annual rate of .5% between July and September, matching estimates. Corporate profits fell by 1.2%.
Plus: November housing figures expected to fall to new low.
...
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Retail Sales Off Sharply in November
calculatedrisk.blogspot.com 12/12/2008 — The Census Bureau reports that retail sales collapsed in October: The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for November, adjusted for seasonal variation and holiday and trading-day ...
Still Really Bad
eschatonblog.com 12/23/2008 — Housing market still horrible. WASHINGTON (AP) — Sales of existing homes plunged 8.6% in November to a seasonally adjusted annual rate of 4.49 million, from a revised 4.91 million rate in October, according to the National Association of Realtors. ...
Ford sales off 31%, Toyota sales off 34%
calculatedrisk.blogspot.com 12/2/2008 — From MarketWatch: Ford, Toyota post steep sales declines Ford Motor Co. on Tuesday reported a 30.6% drop in November U.S. vehicle sales, which served as a timely reminder of the brutal sales climate with automakers returning to Capitol Hill in hopes of gaining access to $25 billion in loans. ...
More Bad News for Retail Sales
calculatedriskblog.com 12/26/2008 — From the WSJ: Retail Sales Plummet [T]otal retail sales, excluding automobiles, fell over the year-earlier period by 5.5% in November and 8% in December through Christmas Eve, according to MasterCard Inc.'s SpendingPulse unit. When gasoline sales are ...
Retailers' holiday sales plummet
| U.S.
reuters.com 12/26/2008 — NEW YORK (Reuters) - Retailers' sales fell as much as 4 percent during the holiday season, as the weak economy and bad weather created one of the worst holiday shopping climates in modern times, according to data released on Thursday by SpendingPulse. ...
Retail Sales Down
yglesias.thinkprogress.org 12/27/2008 — A touch of “yikes” from the WSJ:
When I was in Switzerland, where luxury goods production is a big deal, a number of people speculated that such items were somehow recession-proof. That didn’t really make sense to me, but ...
Retail Sales Slump 2.7% in December - Economy * US * News * Story
cnbc.com 1/14/2009 — Sales at U.S. retailers fell at a steeper-than-expected rate in December, government data showed on Wednesday, as a deteriorating economic environment forced consumers to cut back on spending during the key holiday period. The Commerce Department said ...
Obama's Sales Job
marcambinder.theatlantic.com 1/9/2009 — With a trillion dollar deficit looming in front of him and signs that the economy is in the benthic realm and in need of more oxygen than the government can provide, Barack Obama plays the reluctant salesman today. He will "make the case for urgent ...
More on Existing Home Sales
calculatedriskblog.com 3/24/2009 — Here is another way to look at existing homes sales - monthly, Not Seasonally Adjusted (NSA): This graph shows NSA monthly existing home sales for 2005 through 2009. Sales (NSA) were lower in February 2009 than in February 2008. Again - a ...
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