Homebuilder sentiment improves in October as lumber prices fall

Confidence among U.S. homebuilders unexpectedly rose in October, registering the first gain in five months amid falling lumber prices and solid demand, according to a report Tuesday from the National Association of Home Builders/Wells Fargo......»»

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Lumber futures are now trading more than $200 below recent highs of over $1670 per thousand board feet. Ana Johansson/Getty Images Lumber futures and spot prices fell for the fifth straight day on Friday. Futures are trading ar.....»»

Oil futures fall Thursday, with prices poised to log their lowest settlement since October, as worries rise over the potential economic impact from the continued spread of the coronavirus......»»

Lennar Corp. , the Miami homebuilder, said fourth quarter endi.....»»

Oil prices rose on Friday to three-month highs after data showed U.S. crude inventories declined much more than expected and upbeat economic data and optimism over a U.S.-China trade deal improved investor sentiment......»»

The cost of goods imported into the U.S. fell sharply in October, reflecting declines in a broad array of goods such as petroleum, food, drinks and consumer electronics entering from China. The import price index sank 0.5% last month......»»

Oil futures fall sharply Friday, with U.S. and global benchmark crude heading for their lowest finish in about a week as skepticism around a rollback of tariffs in China-U.S. trade talks erode bullish sentiment on crude prices......»»

Oil prices slipped on Wednesday after a much larger build in U.S. crude inventories than expected and weak euro zone economic figures that weighed on demand sentiment, reversing gains from the previous three sessions......»»

Rightmove said the sluggish monthly rise was the lowest “autumn bounce” — referring to a typical increase in house prices in the fall — in prices since October 2008. The company said that, typically, house prices in October rise by around 1.6%......»»

Treasury prices fall Monday, pushing yields higher, after reports that Germany was entertaining the use of fiscal stimulus and signs that U.S.-China trade talks may be restarted......»»

For the first time in 2019, sentiment among US homebuilders dropped in June signaling that lower mortgage rates are failing to give the housing market a sustained boost amid property prices that remain out of reach for many buyers. The headline .....»»

Home Depot Inc reported its slowest growth in quarterly same-store sales in at least three years on Tuesday, missing Wall Street estimates, as the home improvement chain was hurt by wet weather in February and a steep fall in lumber prices......»»

Home Depot Inc missed Wall Street estimates for quarterly same-store sales on Tuesday, hurt by poor weather in February and a steep fall in lumber prices......»»

A confidence index produced by the homebuilder trade group reached the highest level since October......»»

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The big jump in prices plus a coming WTO ruling on U.S. tariffs could prompt a sharp decline. Remember the Spotted Owl Spike?.....»»

Drew Angerer/Getty The share of Americans who think now is a good time to buy because home prices won't fall is at a record high, according to the University of Michigan's consumer sentiment survey. This is creating a.....»»

DailyFX com CRUDE OIL amp GOLD TALKING POINTS Crude oil prices fall on risk aversion disappointing EIA data Bearish technicals may be validated as sentiment sours further Gold prices still searching for direction amid competing.....»»

SYDNEY (Reuters) - Asian shares fell on Tuesday and the euro slipped back to 6-1/2 month lows as early elections loomed in Italy, but a revival in diplomatic talks with North Korea and a retreat in oil prices from recent highs supported sentiment......»»