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Editorial Results (free)

1. High prices drove US home sales down 2.2% in September -

WASHINGTON (AP) — U.S. home sales fell 2.2% in September, as rising home prices and lower inventories have stifled homebuyers.

The National Association of Realtors said Tuesday that homes sold last month declined at a seasonally adjusted annualized rate of 5.38 million units, ending two months of sales gains. Existing-home sales are up 3.9% from a year ago, but September's stumble shows the limits of the boost that declining mortgage rates had been providing.

2. US new home sales slid 12.8% in July -

WASHINGTON (AP) — Sales of new U.S. homes fell a steep 12.8% in July, but the drop came after revisions to June sales showed the sales highest growth in 12 years.

The Commerce Department said Friday that new homes sold at a seasonally adjusted annual rate of 635,000 units. That's down from a sharply revised upward rate of 728,000 in June. So far this year, sales have risen 4.1%, a sign that buyers are beginning to respond to lower mortgage rates.

3. US home building fell 4% in July, slowing housing market -

WASHINGTON (AP) — The pace of U.S. home construction fell a sharp 4% in July despite strong demand from would-be buyers, held back by a shortage of skilled labor and affordable land.

The Commerce Department said Friday that housing starts slipped last month to a seasonally adjusted annual rate of 1.19 million units. So far this year, housing starts have declined 3.1%. Though there was a slight 1.3% uptick in the construction of single-family homes last month, the gain was offset by a 17.2% plunge in the apartment category.

4. US home sales tumbled 1.2 percent in January -

WASHINGTON (AP) — U.S. home sales fell 1.2 percent in January to their worst pace in more than three years, as persistent affordability problems have put a harsh chill in the real estate market.

The National Association of Realtors said Thursday that sales of existing homes declined 1.2 percent to a seasonally adjusted annual rate of 4.94 million last month, the slowest sales rate since November 2015.

5. US consumer prices rise 2.9 pct, leaving Americans worse off -

WASHINGTON (AP) — Consumer prices climbed 2.9 percent in July from a year earlier, a rate of inflation that suggests Americans are earning less than a year ago despite an otherwise solid economy.

6. New-home sales fall 5.3 pct in June. A warning sign? -

WASHINGTON (AP) — Sales of new U.S. homes tumbled 5.3 percent in June and the median sales price also slipped, a potentially ominous sign for the U.S. housing market.

The Commerce Department said Wednesday that newly built homes sold at a seasonally adjusted annual rate of 631,000 last month, less than May's revised figure of 666,000. The decline follows solid growth in previous months. New-home sales have risen 6.9 percent so far this year, but builders are starting to wrestle with rising costs for lumber. At the same time, mortgage rates are on the rise and wage growth has been meager, squeezing many would-be buyers.

7. US consumer confidence rises in January -

WASHINGTON (AP) — Americans continued to feel confident about the economy this month, a good sign for consumer spending and economic growth.

The Conference Board, a business research group, says its consumer confidence index rose to 125.4 in January from a revised 123.1 in December.

8. Butler Snow’s Polly elected president of Nashville Bar -

Erin Palmer Polly, a commercial litigation attorney at Butler Snow, LLP, will serve as the 2018 president of the Nashville Bar Association. In 2014, she was president of the NBA Young Lawyers Division, became a fellow of the Nashville Bar Foundation and received the Legal Aid Society Volunteer Lawyer’s Program Pro Bono Award.

9. US home construction reaches strongest pace in a year -

WASHINGTON (AP) — Construction of new homes climbed 13.7 percent in October, the biggest jump in a year as builders broke ground on more apartments and single-family houses.

The Commerce Department said Friday that the monthly gain put U.S. housing starts at a seasonally adjusted annual rate of 1.29 million units. That is the best pace for home construction in 12 months.

10. US home sales off 1.7 pct., hurt by Harvey and low supply -

WASHINGTON (AP) — U.S. home sales fell 1.7 percent in August, pulled down by the effects of Hurricane Harvey and a worsening shortage of available properties.

The National Association of Realtors said Wednesday that sales of existing homes sank last month to a seasonally adjusted annual rate of 5.35 million. Would-be homebuyers are being limited by a decline in the number of sales listings. The shortage has become a drag on sales and has caused prices to surge — factors that limit the strong job market's benefit to the housing industry.