In October, there was a decrease in sales of new homes in the United States. According to the US Department of Commerce, the figure fell in annual terms by 8.9% compared to September to 544 thousand homes. The rate of decline was the highest in the last 10 months. Experts had not expected a drop in sales. According to their estimates, growth was expected to the level of 575 thousand houses. Compared to October last year, sales of new buildings fell by 12%. The average selling price of a home was $309,700, down 3.1%. This is the lowest level of value since February last year. At the same time, the number of new homes put up for sale at the end of October was the largest since January 2009, reaching 336 thousand.
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...