Existing home sales decline in March

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Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 18 April 2024

⏱️ 1 minutes

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Summary

Stocks close mixed; housing inventory rises; leading economic indicators index falls; initial jobless claims unchanged.

Transcript

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0:00.0	This is the Marketplace Minute.
0:03.2	I'm Justin Ho.
0:04.7	Stocks were mixed on Thursday.
0:06.6	The Dow rose less than a tenth of our percent, but the S&P fell two tenths percent,
0:11.2	and the NASDAQ lost half a percent. Fewer existing home sold in March than in February,
0:17.0	according to the National Association of Realtors. Sales were down 4.3 percent from the previous month and 3.7% from the same time a year ago.
0:25.5	The NAR says housing inventory rose, but high mortgage rates and elevated prices are still
0:31.0	keeping a lid on sales. An index of leading economic
0:34.7	indicators from the conference board fell in March, partly because of weaker
0:38.4	consumer sentiment, building permits, and new orders. The conference board says
0:42.4	the index is not signaling a recession.
0:44.5	And the number of people signing up for unemployment benefits didn't change last
0:48.6	week from the week before. It's at 212,000 according to the Labor Department, continuing claims rose.
0:55.0	I'm Justin Lowe, with a marketplace minute. You're going to.

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