Sales of previously owned homes fell in January, a sign that demand for housing continued to cool at the start of the year.
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.
January existing-home sales unexpectedly fell 3.2%, the National Association of Realtors said. The sales reflect signings before 2018’s interest rate hikes.
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Existing-home sales fell 1.2% to a seasonally adjusted annual rate of 4.94 million in January, the National Association of Realtors (NAR) reported. Sales are down 8.5% to a pace of 4.94 million from 5.4 million in January 2018.
Sales of previously owned U.S. homes in March unexpectedly. Sales of existing single-family homes decreased 2.5 percent to an annual rate of 3.97 million. Purchases of multifamily properties,
The estimate of new houses for sale at the end of January was 301,000, representing 6.1 months of supply at the current sales rate. Last Wednesday, the National Association of Realtors released a separate report unexpectedly showing a significant decrease in existing home sales in January.
Sales of previously owned U.S. homes in March unexpectedly fell for the third time in the last four months, showing an uneven recovery in the housing market. Purchases dropped 2.6 percent to a 4.
U.S. sales of new homes unexpectedly fell in January to the lowest level since August as borrowing costs rose and winter weather depressed demand, according to government data released monday. key takeaways The results, which are volatile on a month-to-month basis, showed a 14.2 percent slump in the South, the largest decrease since March 2015.
The adverb that begins with a "U" made yet another appearance yesterday in connection with an economic report. The related noun that begins with an "S" came along for the ride. The news concerned sales of new homes. They fell "Unexpectedly" to their lowest level since 1963, when the U.S population was about 40% lower. The decline was a "Surprise" to economists, who had
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