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New Home Sales in February Hits 9-Year Low
Football Betting Spread By Freddie Mooche
- Lower volume. Should you decide to sell during off hours, the volume will likely decrease. Not every stock trades during off hours so be sure you can actually execute the sale.
- Bigger Spreads. Less volume can translate into larger spreads between bid and ask prices.
- Greater Volatility. The uncertainty of the after hours market, reduced volume and greater spreads all lead to greater volatility.
Commodity Spread Trading (AXcess News) Washington - According to the latest report from the US Department of Commerce, new home sales in February fell 13.4 percent, compared to February 2005, a new 9-year low. Thedrop in new home sales marked the second month in a row of double-digit decline in the US after the Department of Commerce report showed new home sales had declined 10.5 percent over January.
Most economists were predicting flat overall retail sales, and say the February rise is most likely the result of rising prices rather than an increase in actual transactions. month decreases of 0.6 percent for January and 2.5 percent in December. Fourteen of the 24 retail industries had lower sales in February than in January, Statistics NZ said. Most industries had relatively small sales movements of less than plus or minus NZ$3 million in February.
Nfl Betting Spread Sales of new one-family houses in February 2006 were at a seasonally adjusted annual rate of 1,080,000, the US Department of Commerce said. This is below the revised January rate of 1,207,000 and below the February 2005 estimate of 1,247,000 new single-family home sales.
felt the pressure coming from retail sales results overnight, 0.5% for the month of February after initial expectations of a rise by 0.2%. PMI services data released overnight saw a figure of 51.6 for the month of March, a reduction from 52.3 for February. The EURUSD traded at a high of 1.5697 and a low of 1.5511 before closing at 1.5676 in the New York session.
Advanced Commodity Spread The median sales price of new houses sold in February 2006 was $230,400; the average sales price was $296,700. The seasonally adjusted estimate of new houses for sale at the end of February was 548,000. This represents a supply of 6.3 months at the current sales rate, the US Department of Commerce reported, the largest inventory of new homes since January 1996.
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Stock Spread Trading The dollar also fell against the Euro to a session low Friday.
Online Spread Betting The news increased the odds of the Federal Reserve not hiking interest rates as the Fed wants to see sales slow down and reduce inflation. The Dow was down 8.65 basis points, or 0.08 percent, at 11,261.64 at 1:16pm Eastern Time when this story was published.
Complete Guide Spread Trading The Federal Reserve's policy-setting committee meets on Monday and Tuesday, when it is expected to raise borrowing costs for the 15th straight time since June 2004. The sharp decline in new single-family home sales will not be enough to curb a rate hike at this time, but it goes a long way towards the Fed's next meeting if new home sales continues to slow.
Betting Horse Racing Spread Real estate punditsexpected new home sales to decline to a 1.200 million rate from January's originally reported 1.233 million pace.
Low Spread Forex Trading Friday's report on new home sales followed data on Thursday showing surprising strength in the pace of home resale's.
Sport Spread Betting Existing home sales figures reflect closings, which can occur more than a month after a purchase decision is made, but new home sales data are recorded when contracts are signed, so the data reflects different timings.
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