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WASHINGTON - A weak economy got a little lift Thursday with new data suggesting companies aren't pursuing mass layoffs and stores are a little busier.
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But National Association of Realtors’ chief economist thinks homes sales will remain soft for “months ahead.”
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The S&P/Case-Shiller Indices show a 3.6% gain compared to the same month a year ago.
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Analyst Carl E. Reichardt: ‘It seems clear that demand for all forms of housing in July was extremely weak.’
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Single-family sales fall to level not seen since May 1995, when Bill Clinton was president.
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Economists had big trouble spotting the recent housing bubble - and will probably miss the next one, too, a new Boston Federal Reserve study predicts.
A changing population will require new thinking about where and what you build.
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With tax credit gone and economy lagging, home buyers lose sense of urgency.
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May figures show limited growth.
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Sales pace rises 23.6% to 330,000-unit level, which is still relatively slow.
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Housing market continues to struggle for equilibrium, according to data released Thursday by NAR and FHFA.
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Single-family permits slide to lowest level of activity since April 2009.
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NAHB measure of home builder confidence falls to 14 in July.
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In other housing news, single-family construction spending rises slightly in May, but levels expected to drop in months ahead.
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Monthly gains thought to be result of housing tax credit.
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Activity drops to a 300,000-unit pace after tax credit expires April 30.
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But home values rise slightly in April, according to FHFA home price index.
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Monthly report will offer statistical portrait of American housing market, which remains fragile.
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Men and women look for different things when buying a home, and their priorities no longer follow an Ozzie-and-Harriet formula, according to a recent ZipRealty survey.
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Experts suggest drop is “payback” for the now-expired housing tax credit.