BusinessMay 29, 2001
MEMO: SALES OF NEW HOMES DOWN NATIONALLY
Americans bought fewer new homes in April as worries about job security helped push sales down by the largest amount in four years. Sales of new single-family homes fell by 9.5 percent to a seasonally adjusted annual rate of 894,000, the biggest drop since April 1997, the Commerce Department reported Thursday...
Americans bought fewer new homes in April as worries about job security helped push sales down by the largest amount in four years.
Sales of new single-family homes fell by 9.5 percent to a seasonally adjusted annual rate of 894,000, the biggest drop since April 1997, the Commerce Department reported Thursday.
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In another government report, the number of Americans filing new claims for state unemployment insurance last week rose sharply, fresh evidence the weakening economy is making it harder for workers to hold onto their jobs.
The Labor Department said new claims for jobless benefits jumped by a bigger-than-expected 15,000 to a seasonally adjusted 407,000 for the work week ending May 19.
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