Sales of newly-constructed single-family homes ticked up just 0.7% in October from September, a rather flat result underlining the fact that the housing market is slowing down.
A flurry of economic reports Wednesday herald a solid holiday shopping season, with Americans' incomes rising modestly and plunging gasoline prices brightening their moods and providing extra spending money.
Consumer confidence climbed to a more than seven-year high in November as Americans' views of their financial well-being improved heading into the holiday shopping season.
New applications for unemployment benefits rose 21,000 last week to 313,000, the U.S. Labor Department said Wednesday. Analysts had forecast around 289,000 initial claims, but the figure surpassed 300,000 for the first time since September.
WASHINGTON (MarketWatch) -- A gauge of pending home sales fell 1.1% in October, signaling that upcoming deals could slow down, the National Association of Realtors reported Wednesday.