Shortage of cheaper houses stifles U.S. home sales

WASHINGTON (Reuters) – Sales of new U.S. single-family homes rebounded. Despite cheaper mortgage rates and the lowest unemployment rate in nearly 50 years supporting demand for housing, expensive.

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U.S. home sales. The weakness in housing comes despite cheaper mortgage rates and the lowest unemployment rate in nearly 50 years. Supply has continued to lag, especially in the lower-price segment.

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Bloomberg survey estimates for U.S. new. decade. sales of existing homes unexpectedly declined in June to an eight-month low, the National Association of Realtors reported last week, as banks.

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. The unexpected drop in sales reported by the National Association of Realtors on Tuesday came on the heels of.

Homebuilder James Boyd has no trouble selling the homes he builds. The difficulty is getting them built in the first place. High lumber costs, regulatory restrictions and a construction worker.

The problem is worse for cheaper properties. The stock of homes selling for $200,000 to $300,000 would sell out in around 10 days. Related Articles August 28, 2019 Denver’s home price gains slow,

Shortage of cheaper houses stifles U.S. home sales Ashlee Wray Contents Sales 22/05/2019 oman key brexit legislation real-time strategy games Check: property buyers return home Longtime owner and president of Red Oak Realty, an independent brokerage that does most of its business in and around Berkeley and Oakland, Bergmark says homes for sale.

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The number of home sales in Santa Fe also has increased in the past few years, rising from 842 in 2016 to 1,009 in 2017 and 1,079 in 2018. The resurgent housing market comes as the Santa Fe area.

WASHINGTON – A buying spree in the Midwest spurred new U.S. home sales last. that Americans bought existing homes last month at the fastest pace since February 2007. But the cheap loans that have.

one of the best forecasters of existing-home sales over the past two years, according to data compiled by Bloomberg. “Whether it’s new construction or existing homes, the brake on the pace of activity.