Published on 22 April 2019 at 10:44am EST on Reuters. U.S. home sales slump ahead of spring selling season. 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.
Despite a slight uptick in the sales of new homes, there is new evidence that the U.S. housing slump will not end anytime soon. Yesterday the Standard & Poor’s/Case-Shiller Index showed that national home prices fell 14.1 percent in the first quarter compared with a year earlier, the lowest since its inception in 1988.
The U.S. housing market continued to soften in April, with the spring selling season so far proving a disappointment despite falling mortgage rates and a strong economy. existing-home sales fell 0.4%.
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The U.S. housing market continued to soften in April, with the spring selling season so far proving a disappointment despite falling mortgage rates and a strong economy. Earnings Zillow Ramps Up.
FILE PHOTO: Workers construct a new home in Leyden Rock in Arvada, Colorado, U.S. August 30, 2016. REUTERS/Rick Wilking/File Photo April 22, 2019 By Lucia Mutikani 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 other major report released today will probably show housing starts in the U.S. fell to a 17-year low in April. Home construction and property values "seem likely to decline well into 2009," Federal Reserve Bank of San Francisco President Janet Yellen said earlier this week.
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The sales of new homes surged in May, outpacing the consensus of expectations, and while one months’ data is just that, both median and average home prices were down sharply. The U.S. Census.
Analyzing The U.S. Housing Slump New home sales fell 2.2 percent in February. The drop in new-home sales was the fourth consecutive monthly decline, and the worst showing since 1963, when the.
WASHINGTON (Reuters) – U.S. homebuilding fell for a second straight month in June and permits dropped to a two-year low,