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U.S. existing home sales unexpectedly fall in April – Reuters – UKA News

Economists polled by Reuters had forecast existing home sales rising 2.7% to a rate of 5.35 million units in April. Existing home sales, which make up about 90% of U.S. home sales, dropped 4.4% from a year ago.

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U.S. home resales unexpectedly increased in September as the effects of Hurricanes Harvey and Irma began to dissipate, but a persistent dearth of properties for sale continued to weigh on overall.

Existing Home Sales occurs when the mortgage is closed. Mortgage closing usually takes place 30-60 days after the sales contract is closed. . This page provides the latest reported value for – United States Existing Home Sales – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

WASHINGTON (Reuters) – Contracts to buy previously owned homes unexpectedly fell in April, the National Association of Realtors said on Thursday.

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But data last week showed U.S. home sales unexpectedly tumbling for the second straight month in May as an acute shortage of properties on the market pushed house prices to a record high.

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Sales of previously owned U.S. homes fell unexpectedly sharply in February and prices. Economists polled by Reuters had expected February sales to fall 4.0 percent to a 5.15 million-unit pace from.

Investors will also watch for a report from Commerce Department on existing home sales, which likely rose to. New orders for long lasting goods manufactured in the U.S. likely rebounded in June,

Housing industry news, home building and construction, and housing market coverage.. Weekly mortgage rates fall further, but only refinance applications rise.. New home sales sank 7.8% in.

Existing-home sales fell 2.5% in April from the prior month to a seasonally adjusted annual rate of 5.46 million, the National Association of Realtors said Thursday. Compared with a year earlier, sales in April were down 1.4%-the second consecutive month sales declined on an annual basis..

The U.S. Commerce. in April. MONDAY, June 22 Sales of previously owned homes likely recovered last month after falling unexpectedly in April, data from the National Association of Realtors is.

U.S. home resales unexpectedly fell in July to their lowest monthly level of the year due to a lack of properties for sale, which also continued to push up prices. US existing home sales.