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  • WASHINGTON, July 26- U.S. consumer confidence held steady in July and new single-family home sales hit their highest level in nearly 8-1/ 2 years in June, suggesting sustained momentum in the economy. The largely unchanged data followed Britain's stunning vote last month to leave the European Union, which rattled global financial markets and led to a dip in other...

  • WASHINGTON, July 26- New U.S. single-family home sales rose more than expected in June, reaching their highest level in nearly 8-1/ 2 years, the latest sign that the housing market was gathering momentum. The Commerce Department said on Tuesday new home sales increased 3.5 percent to a seasonally adjusted annual rate of 592,000 units last month, the highest level...

  • WASHINGTON— Americans bought new homes in June at the fastest pace in more than eight years, a sign that a solid job market and low mortgage rates are bolstering the U.S. housing market. The Commerce Department said Tuesday that new-home sales rose 3.5 percent last month to a seasonally adjusted rate of 592,000, the best level since February 2008.

  • WASHINGTON— U.S. home prices extended their steady upward march in May, spurred by rising sales and a dwindling supply of available houses. "Sellers are in the driver's seat, as buyers contend with fierce competition and very fast-moving markets," Svenja Gudell, chief economist at real estate data provider Zillow, said. Portland, Oregon, Seattle, and Denver posted...

  • WASHINGTON— The Commerce Department reports on sales of new homes for June at 10 a.m. Eastern Tuesday. SALES BUMP: Economists believe sales improved 1.6 percent last month to a seasonally adjusted annual rate of 560,000, according to a survey by the data firm FactSet. In May, the median sales price rose 1 percent from a year ago to $290,400.

  • ABU DHABI, United Arab Emirates— The United Arab Emirates might not seem like an obvious spot to begin and end a globe-spanning flight promoting renewable energy. One way is by backing the Solar Impulse 2 solar plane, which ended its groundbreaking round-the-world flight on Tuesday in Abu Dhabi and counts Emirati renewable-energy company Masdar among its...

  • SAO PAULO/ LIMA, July 21- Lenders could accelerate the disbursement of a $4.125 billion loan to Peruvian gas pipeline operator Gasoducto Sur Peruano GSP SA if Brazilian engineering group Odebrecht SA fully exits the project overseeing the construction of the pipelines, three people familiar with the matter said on Thursday. Odebrecht, which is ensnared in a...

  • ASUNCION, July 21- Paraguay's central bank said on Thursday the country's economy would expand by 3.5 percent this year, up from a previous forecast of 3.0 percent, boosted by faster growth in livestock, meat and construction output. Paraguay is the world's fourth-biggest soybean exporter. The central bank said domestic consumption and public spending in the...

  • July 21- PulteGroup Inc, the No.3 U.S. homebuilder, reported a 14 percent rise in quarterly profit as it sold more homes at higher prices. The company's net income rose to $117.8 million, or 34 cents per share, in the second quarter ended June 30, from $103.3 million, or 28 cents per share, a year earlier. Total revenue rose about 41 percent to $1.80 billion.

  • Horton Inc, the largest U.S. homebuilder, reported a 13 percent rise in quarterly profit as it sold more homes. The company's net income rose to $249.8 million, or 66 cents per share, in the third quarter ended June 30, from $221.4 million, or 60 cents per share, a year earlier. Revenue rose 9.5 percent to $3.15 billion.

  • *Spanish cities cheap compared with London or Paris. MADRID, July 20- Residential construction is coming back to life in Spain eight years after a property crash, with foreign investment pouring into developments in Madrid and Barcelona, and a jump in building permits pointing to more growth to come. Construction and real estate accounted for more than a third of...

  • WASHINGTON, July 19- U.S. housing starts rose more than expected in June as construction activity increased broadly, but downward revisions to the prior months' data pointed to a sector treading water in the second quarter. Groundbreaking surged 4.8 percent to a seasonally adjusted annual pace of 1.19 million units, the Commerce Department said on Tuesday.

  • *Housing starts increase 4.8 percent in June. WASHINGTON, July 19- U.S. housing starts rose more than expected in June as construction activity increased broadly, but downward revisions to the prior months' data pointed to a sector treading water in the second quarter. Groundbreaking surged 4.8 percent to a seasonally adjusted annual pace of 1.19 million units,...

  • WASHINGTON, July 19- U.S. housing starts rose more than expected in June as construction activity increased broadly, but a downward revision to the prior month's data pointed to a housing sector treading water in the second quarter. Groundbreaking surged 4.8 percent to a seasonally adjusted annual pace of 1.19 million units, the Commerce Department said on...

  • WASHINGTON— Construction of new homes posted a solid increase in June, led by a surge of building in the Northeast and the West. The Commerce Department said Tuesday that housing starts rose 4.8 percent to a seasonally adjusted annual rate of 1.19 million from a revised 1.14 million in May. The average 30- year fixed-rate mortgage ticked up 3.42 percent last week,...

  • U.S. homebuilders are feeling slightly less optimistic about their sales prospects this month, though their outlook for the new-home market remains positive overall. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday fell one point to 59.. The average 30- year fixed-rate mortgage ticked up 3.42 percent last...

  • OTTAWA, July 15- The housing boom in Canada's hottest cities has spilled over into the suburbs, where builders say they are working as fast as they can to meet soaring demand and get homes to market before a much-feared housing bust. "It's definitely' Build as quickly as possible and get your pre-sales out,"' said Robert de Wit, chief executive of the Greater Vancouver...

  • July 13- Iran signed a Memorandum of Understanding with Russia's Zarubezhneft on Tuesday for a feasibility study on two joint fields in the west of the country, according to oil ministry news agency SHANA. Iran needs foreign investment for repairs and upgrading of its oil and gas fields. *Germany's Siemens AG signed an MoU in May with National Iranian Oil Company...

  • Construction started on six reactors in China in 2015, three times more than the rest of the world, while eight went into operation there last year, out of 10 globally, underlining how the world's biggest energy user is a bright spot for the nuclear industry. Three reactors have started up this year in China, with one in South Korea and another in the U.S., Watts Bar 2,...

  • SAO PAULO, July 12- On Christmas Day 2014, in an empty São Paulo office building, four senior executives at engineering firm Grupo OAS SA set in motion a corporate bankruptcy that is helping reshape Brazil Inc.. Over the previous decade, Brazil's ruling Workers Party had built national champions using cheap state credit and contracts with state firms.