Sales of new single-family homes increased 9.6% to a 433,000 seasonally adjusted annual rate in July, according to data released by the Commerce Department yesterday.
The July figure came after an upwardly revised climb to a 395,000 rate in June, originally reported as an 11.0% rise to 384,000. Thomson Reuters’ poll of economists had predicted a 390,000 sales level for June. Sales were 13.4% below the 500,000 rate in July 2008.
"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.
