Existing-home sales decline for fifth time in six months

Analysis U.S. Existing-Home Sales Post Fifth Decline in Six Months The drop suggests the housing market is still struggling as buyers strain to find affordable options.

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U.S. Existing-Home Sales Post Fifth Decline in Six Months – U.S. Existing-Home Sales Post Fifth Decline in Six Months. Bloomberg – Reade Pickert. Sales of previously owned U.S. homes unexpectedly cooled in April, the fifth drop in six months, signaling a rocky start for the housing market this.

Sales of previously owned homes unexpectedly cooled in April, the fifth drop in six months, signaling a rocky start for the housing market this quarter amid a still-tight supply of available properties. contract closings fell 0.4% from the prior month to a 5.19 million annual rate, below all economist estimates, according to data Tuesday from [.]

A home is offered for sale in South Barrington, Illinois. The numbers: Existing-home sales ran at a seasonally adjusted annual 5.19 million rate in April, the National Association of Realtors said.

Existing home sales weren’t expected to strengthen in May, in fact analysts were looking for a slight decline. month supply at the current pace of sales, down from 4.7 months in May 2016. The tight.

U.S. Existing-Home Sales Post Fifth Decline in Six Months. to the highest in seven months in May. At the same time, permits for single-family homes, a proxy for future construction, fell in.

US Existing Home Sales Miss Estimates; down fifth time in six months. 2019) – Existing-home sales saw a minor decline in April, continuing March’s drop in sales, according to the National.

Contract signings for existing home sales rose slightly in June. Inventory of existing homes for sale improved on a yearly basis for the first time in three years. homes have been on the decline.

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Existing-home sales decline for fifth time in six months 2 weeks ago admin Sales of previously owned homes unexpectedly cooled in April, the fifth drop in six months, signaling a rocky start for the housing market this quarter amid a still-tight supply of available properties.

The Commerce Department said new home sales dropped 6.9% to a seasonally adjusted annual rate of 673,000 units last month. That followed March’s sales pace of 723,000 units, which was the highest.

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