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U.S. existing home sales unexpectedly fall in July. Sales were up 2.1 percent from July 2016. Supply was down 9.0 percent from a year ago. Housing inventory has declined for 26 consecutive months on a year-on-year basis. A dearth of properties on the market has crimped the housing recovery and forced price appreciation to significantly outstrip wage gains.
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.
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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Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain. looking for U.S. private payroll employment to have grown by 185,000 jobs in April, up from 89,000. Monday Morning Cup of Coffee: Subprime lending is back Monday Morning Cup of Coffee takes a look at news coming across HousingWire.
WASHINGTON (MarketWatch) – Sales of existing single-family homes and condos fell 0.8% in April to a seasonally adjusted annual rate of 5.05 million, the National Association of Realtors reported.
U.S. retail sales unexpectedly fell in April as households cut back on purchases of motor vehicles and a range of other goods, pointing to a slowdown in economic growth after a temporary boost.
Michael Nagle/Getty Images Comcast plans to launch its NBCUniversal streaming service in April next year, NBCUniversal’s ceo steve burke said on today’s earnings call. We previously knew the streaming service would launch next year, but the company had yet to announce anything more exact. As well as announcing a launch month, Comcast also revealed that the upcoming streaming service will.
WASHINGTON (Reuters) – U.S. manufacturing production recorded its biggest increase in more than three years in April, bolstering the. economy and higher wages drive new home sales and a rise in the.
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.