Shortage of cheaper houses stifles U.S. home sales

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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. FILE PHOTO: A home for sale is seen in Santa [.]

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.

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WASHINGTON, July 23 (Reuters) – U.S home sales. cheaper mortgage rates and the lowest unemployment rate in nearly 50 years. Supply has continued to lag, especially in the lower-price segment of the.

By Lucia Mutikani. 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.

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The bulk of the houses that are getting built are priced at more than $300,000; last month the median price of all new home sales was $395,000, about $150,000 more than existing houses.

Shortage of cheaper houses stifles US homes sales 22/05/2019 Oman Observer WASHINGTON: US 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.

By Lucia Mutikani. 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.

Shortage of cheaper houses stifles U.S. homes sales – By Lucia Mutikani. 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.

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US 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. The unexpected drop in sales reported by the National.