Home prices in 20 U.S. cities rose at a faster pace than projected in the year through March, reflecting a limited number of available properties on the market.
WASHINGTON—Sales of newly built homes rebounded in April, a sign the housing market may be slowly warming up. New-home sales climbed 6.8% from March to a seasonally adjusted annual rate of 517,000, the Commerce Department said Tuesday.
Greece has again threatened to default on its loan repayments, saying it would be unable to meet pension and wage bills in June and also reimburse the IMF without a bailout deal with creditors.
WASHINGTON—Demand for big-ticket manufactured goods fell last month, but underlying figures suggest business investment is slowly starting to pick up.
While markets in the U.S. and much of Europe were closed for a long weekend, stocks in China continued to rally. The Shenzhen Composite Index is now up over 100 percent year to date.