Member access

4-Traders Homepage  >  Shares  >  Euronext Paris  >  APRIL    APR   FR0004037125

APRIL (APR)

291
Real-time Quote. Real-time Tradegate - 10/24 04:01:45 pm
13.126 EUR   -1.31%
59m ago Google's Pichai to oversee major products and services
3h ago Ex-Bank of New York Mellon employee pleads guilty to insider trading
3h agoDJMonarch Airlines Sold to Greybull Capital
SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

APRIL GROUP : U.S. pending home sales rise 6.7 percent in April

06/02/2009 | 10:01am US/Eastern

Pending sales of previously owned U.S. homes in April unexpectedly saw their biggest monthly gain in 7-1/2 years, a report from a trade group on Tuesday showed, buttressing views the U.S. recession was easing.

The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in April, rose 6.7 percent in April to 90.3 from 84.6 in March.

It was the biggest monthly increase since October 2001 and it took the index 3.2 percent above its year-ago level in the latest sign the battered U.S. housing sector was stabilizing.

Economists polled by Reuters ahead of the report were expecting pending home sales to rise 0.5 percent.

The downturn in the U.S. housing market touched off a global credit crisis that sent economy's worldwide tumbling into recession. Now, signs are emerging that the global economy is beginning to heal.

The association's senior economist, Lawrence Yun, credited improved home affordability and a new government program that provides an $8,000 tax credit for first-time homebuyers for the surge in buying activity.

The NAR said its Housing Affordability Index, which blends factors like home prices and mortgage rates, was "in record territory" with 30-year mortgage rates hovering around 5 percent and an abundance of homes on the market.

(By Patrick Rucker; edited by Neil Stempleman)

Latest news on APRIL
59m ago Google's Pichai to oversee major products and services
3h ago Ex-Bank of New York Mellon employee pleads guilty to insider trading
3h agoDJMonarch Airlines Sold to Greybull Capital
3h agoDJCovidien Files 8K - Material Impairments
6h ago Italy court clears designers Dolce and Gabbana in tax evasion case
7h agoDJS&P Affirms Russia's BBB- Rating; Outlook Remains Negative
8h ago Chesapeake Oilfield Services pulls IPO plans
9h ago UK bank stress test capital measure changed late in process - sources
12h ago Hikma Pharma shares slip on FDA warning for Portugal plant
16h ago Special Report - Why Madrid's poor fear Goldman Sachs and Blackstone
Advertisement
Chart
Duration : Period :
APRIL Technical Analysis Chart | APR | FR0004037125 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF