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Existing Home Sales Fall To 9-Month Low
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New home sales units dropped 13.7% to a seasonally adjusted annualized rate of 623,000 units last month, the Commerce Department's Census Bureau said on Wednesday.
The home sales report showed a slight increase in the number of new houses for sale in May, to the highest level since 2007. That represented 9.8 months of supply at the current sales rate.
Existing home sales fall 0.5% in April; Median house price rises 1.8% to $414,000 from year ago ...
WASHINGTON (Reuters) -U.S. existing home sales unexpectedly fell in April despite a temporary drop in mortgage rates and increased supply, and could remain lackluster this year amid rising ...
Economists polled by Reuters had forecast new home sales, which make up about 15.7% of US home sales, declining to a rate of 693,000 units.
US pending home sales fall sharply in April. By Reuters. May 29, 2025 2: ... A drone shows a view of new single family home construction in San Diego , California, U.S., March 25, 2025 ...
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