Sales of new single-family homes dropped 8.5% to a 526,000 seasonally adjusted annual rate in March, according to data released by the Commerce Department yesterday.
The March figure came after a downwardly revised 575,000 rate in February, a 5.3% drop originally reported as a 1.8% decrease to 590,000. IFR Markets’ poll of economists had predicted a 580,000 sales level for February.
Sales of new homes were 36.6% below the 830,000 rate in March 2007, Commerce said.
"Folloing recent yield moves, a generic muni index is now down 1% on the month with no real sub-sector showing much deviation from that result," said Kim Olsan, senior vice president of trading at FHN Financial.
The law firm revealed 2024 promotions.
As the nation's fourth largest city faces a growing structural budget deficit, it is also expecting to issue more than $3 billion of debt for its airport, water and sewer system, convention center, as well as to fund a settlement with firefighters and for cash-flow purposes.
The extension of the current solar net metering system could lower revenue for the utility.
The finance team is "marketing slices of risk" to raise money to refinance its debt, investors said.
John Fleming is pushing back against a proposal in the state Legislature to change the way the state Bond Commission oversees the issuance of debt by cities, counties and local governments and entities.
