July New-Home Sales Rebound Slightly From Weak June from the National Association of Home Builders Sales of new single-family homes were up 2.8 percent in July to a seasonally adjusted annual rate of 870,000 units as new-home sales rebounded from weak sales figures in June, the U.S. Commerce Department reported today. The July sales pace was 10.2 percent below a year earlier...read more
Chinese Banks Disclose Subprime Loan Exposure from TheStar.com After appearing immune to the turmoil engulfing the mortgage market in the United States, China suffered its first serious setback yesterday from exposure to subprime loans...read more
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