Existing home sales fell in July, as a tight housing supply put pressure on prices.
April pending dwelling gross sales fall unexpectedly May 30, 2019 Financial News US Economy 0 Home shoppers signed 1.5% fewer contracts to buy existing homes in April compared with March, according to the National Association of Realtors’ Pending Home Sales Index.
Economists polled by Reuters had forecast existing home sales rising 2.7% to a rate of 5.35 million units in April. Existing home sales, which make up about 90% of U.S. home sales, dropped 4.4% from a year ago.
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.
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Contracts to buy previously owned homes unexpectedly fell in April, the National Association of Realtors said on Thursday. 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.
WASHINGTON, May 21 (Reuters) – 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.
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Economists polled by Reuters had forecast existing home sales rising 2.7% to a rate of 5.35 million units in April. Existing home sales, which make up about 90% of U.S. home sales, dropped 4.4% from a.
U.S. Existing Home Sales Fall in May. Yun pointed out that closings were down in a majority of the country last month and declined on an annual basis in each major region. Regarding prices, the report showed that median existing-home price for all housing types in May was $264,800, up 4.9% from May 2017 ($252,500).
U.S. home resales unexpectedly increased in September as the effects of Hurricanes Harvey and Irma began to dissipate, but a persistent dearth of properties for sale continued to weigh on overall.
WASHINGTON (Reuters) – Sales of previously owned U.S. homes unexpectedly fell. rose in April, and economists said they expected a pick-up in june. pending sales are measured at contract signing. Sales of U.S. previously owned homes unexpectedly. in a Bloomberg News survey. Estimates ranged from 5.2 million to 6.5 million.
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