Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (16757)	11/24/2004 1:42:34 PM
From: Pogeu Mahone	Respond to of 116555

US new home sales increase by 0.2 percent in October www.chinaview.cn 2004-11-25 01:58:35 WASHINGTON, Nov. 24 (Xinhuanet) -- New home sales in the United States increased by 0.2 percent in October from the previous month to a seasonally adjusted annual rate of 1.23 million units, the Commerce Department reported Wednesday. Data released by the department showed that October's new home sales registered the third-highest level on record. Meanwhile, the performance in October was better than economists were anticipating. They were predicting new hole sales would go down in the month. Aided by low mortgage rates, the housing market has been a constant bright spot for the US economy. Analysts predict that sales of both new and existing homes for all of 2004 will set new record highs. According to mortgage wholesaler Freddie Mac, the average monthly rate on a 30-year mortgage in October was 5.72 percent, down from 5.75 percent in September and below 5.95 percent seen inOctober 2003. Enditem Related Story