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ANKARA (Reuters) - Turkey slammed the U.S. decision to end waivers on Iranian oil sanctions, saying it would not serve regional peace and stability, its foreign minister tweeted on Monday. “We do not accept unilateral sanctions and impositions on how we build our relationship with our neighbors,” Foreign Minister Mevlut Cavusoglu said on Twitter. U.S. President Donald Trump has decided not to reissue waivers in May allowing importers to buy Iranian oil without facing U.S. sanctions, the White House said.
WASHINGTON (Reuters) - U.S, home sales fell more than expected in March, pointing to continued weakness in the housing market despite declining mortgage rates and slowing house price gains, The National Association of Realtors said on Monday existing home sales dropped 4.9 percent to a seasonally adjusted annual rate of 5.21 million units last month, February’s sales pace was revised down to 5.48 million units from the previously reported 5.51 million units, Economists polled by Reuters had forecast existing home sales would fall 3.8 percent to a rate of 5.30 million units 18k rose gold cufflinks last month, Existing home sales, which make up about 90 percent of U.S, home sales, declined 5.4 percent from a year ago, That was the 13th straight year-on-year decrease in home sales..
Falling mortgage rates, strengthening wage growth and slowing house price inflation have improved affordability, but housing supply remains tight, especially at the lower end of the market as land and labor shortages are making it difficult for builders to ramp up construction in this market segment. The 30-year fixed mortgage rate has dropped from a peak of about 4.94 percent in November to around 4.12 percent, according to data from mortgage finance agency Freddie Mac. Wage growth is also strengthening.
A survey last week showed that while builders reported strong demand for new homes in April, they also complained about “affordability concerns stemming from a chronic shortage of construction workers and buildable lots.”, Last 18k rose gold cufflinks month, existing home sales fell in all four regions, There were 1.68 million previously owned homes on the market in March, up from 1.63 million in February, At March’s sales pace, it would take 3.9 months to exhaust the current inventory, up from 3.6 months in February..
A six-to-seven-month supply is viewed as a healthy balance between supply and demand. The median existing house price increased 3.8 percent from a year ago to $259,400 in March. The Commerce Department reported last Friday that housing starts dropped to a rate of 1.139 million units in March, the lowest level since May 2017. That was the second straight monthly drop in homebuilding and pushed starts substantially below the 1.5 million to 1.6 million units per month range that realtors estimate is needed to alleviate the shortage.
(This April 19 story was refiled to remove Breakingviews topic code), By Norihiko Shirouzu, SHANGHAI (Reuters) - Electric vehicle (EV) concepts shown in Shanghai this week, 18k rose gold cufflinks such as the Audi AI:me and Infiniti QX Inspiration, point to a future of living-room-like comfort in cars with flat floors and ample space for sofa-like bench seats, In the design studies, automakers have taken advantage of the space freed up by the electric motor, which takes less room than the bulky internal combustion engine, cooling apparatus and complex transmission gears needed for gasoline cars..
As most batteries in an EV are laid out flat under the floor, the EVs shown in the Shanghai auto show, which started on Tuesday, also have more height and, in fact, many are sport-utility vehicles (SUVs). Both the AI:me urban car and Infiniti’s QX Inspiration SUV have flat floors, interiors large enough to accommodate what looks like a sofa in the back and more leg room and storage. Because there is no tunnel, which often houses the drive shaft and exhaust apparatus in a gasoline car, running through the length of the EV cabin, the center of the rear seat “can become just as valuable” as the space on its sides, design chief for Nissan’s premium brand Infiniti, Karim Habib, said.
That in turn points to the possibility of “a return of the bench seat” in the front and the rear - a throwback to American cars of a bygone era, Habib told Reuters, The EV’s flat and slightly elevated floor allows passengers to slide into it, Habib said, “You can kind of comfortably sit into it ., You can cross your 18k rose gold cufflinks legs, stretch your legs out,” he added, referring to the QX Inspiration concept car, Audi’s AI:me offers what the company’s China operations chief, Thomas Owsianski, described as “maximum space comfort” despite its smallish urban car profile..