U.S. existing home sales unexpectedly fall in April

June 22 (Bloomberg) — Sales of U.S. previously owned homes unexpectedly fell 2.2 percent in May to a 5.66 million annual rate, a sign demand was probably pulled into prior months before a June.

Washington: Existing home sales in the U.S. unexpectedly showed a modest decrease in the month of April, according to a report released by the National Association of Realtors on Tuesday. NAR said exi

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WASHINGTON (Reuters) – U.S. home sales fell for a second straight month in April, weighed down by a chronic shortage of more affordable houses, the latest sign the economy was slowing after a temporary boost from exports and an inventory overhang in the first quarter.

First-time homebuyers made up 31 percent of existing home sales in August. Earlier this week data showed U.S. housing starts fell more than expected in August but that was likely due to bad weather.

U.S. Pending Home Sales Fall Unexpectedly in April; The NAR’s pending home sales index dropped to a reading of 104.3, down 1.5% from the prior month. Economists polled by Reuters had forecast pending home sales would rise 0.9% last month.

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U.S. home sales unexpectedly fell in April amid persistent weakness in the lower-priced segment of the market, which has experienced an acute shortage of properties. The National Association of Realtors said on Tuesday existing home sales fell 0.4% to a seasonally adjusted annual rate of 5.19 million units last month.

The months’ worth of supply went up to 4.3 from 4.2 in April. Year-on-year, existing home sales dropped 1.1 percent. existing home Sales in the United States averaged 3958.46 Thousand from 1968 until 2019, reaching an all time high of 7250 Thousand in September of 2005 and a record low of 1370 Thousand in March of 1970.

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WASHINGTON (Reuters) – Sales of newly built U.S. single. expected new home sales to edge up to a 320,000 unit annual pace from January’s previously reported 309,000 units. The data came on the.

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Existing home sales in the U.S. unexpectedly showed a modest decrease in the month of April, according to a report released by the National Association of Realtors on Tuesday. NAR said existing home sales dipped by 0.4 percent to an annual rate of 5.19 million in April after plunging by 4.9 percent to a rate of 5.21 million in March.

U.S. Existing-Home Sales Unexpectedly Fall on Inventory Woes "The housing affordability issue is becoming a crisis." By Katia Dmitrieva | June 20, 2018 at 10:26 AM