The U.S. housing slump continued in April

Fed underestimated housing slump. The U.S. housing slump continued in April Axios – Dion Rabouin The April reading of U.S. existing home sales missed expectations on Tuesday, adding another losing month to a long trend on a year-over-year.

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U.S. homebuilding fell for a second straight month in June and permits dropped to a two-year low, suggesting the housing market continued to struggle despite declining mortgage rates.

The April reading of U.S. existing home sales missed expectations on Tuesday, adding another. Go deeper: The housing slump gets worse.

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.

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The housing recovery. economists forecast in April, indicating the economy continued to strengthen at the start of the second quarter. The median forecast of 74 economists surveyed by Bloomberg.

The fund said it expects the U.S. economy to grow 2.6% in 2019, down from 2.9% last year but up from the 2.3% it forecast in April. The Federal Reserve improved prospects for US growth by.

“A combined slump in house prices and housing investment in. Residential real estate in the U.S. already is in a slowdown. Spending on private residential construction is down by more than 11%.

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