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.
U.S. stocks slipped Tuesday following disappointing data on big-ticket spending in the U.S., underscoring investor unease with the recent pace of economic growth.
Greece has again threatened to default on loan repayments due to the International Monetary Fund, saying it will be unable to meet pension and wage bills in June and also reimburse €1.6bn owed to 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.