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Shortage of cheaper houses stifles U.S. homes sales

Why Did Housing Market Potential Improve in April? 3 Mostly Depressing Predictions for U.S. Housing Market in 2018 2017 is going out with a bang for the U.S. residential real estate market, as home prices are in full flight, and demand for.

U.S. shortages, as well as expensive building materials. The government reported last week that permits for future home construction dropped to a two-year low in June. According to the NAR, there.

Shortage of cheaper houses stifles U.S. homes sales. – 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.

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 · Pending sales of U.S. homes fell again in November, reflecting a prolonged downturn in the housing market tied to higher mortgage rates and home prices. The numbers: Pending sales of homes.

WASHINGTON – A buying spree in the Midwest spurred new U.S. home sales last month to the fastest pace since July. The Commerce Department said Friday that new-home sales in November rose. Demand.

Shortage of cheaper houses stifles U.S. homes sales – 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.

New home sales in the South, which accounts for the bulk of transactions, rose 0.3% in June to a 13-month high. Sales in the Midwest dropped 26.3% to their lowest level since September 2015.

The numbers: Pending sales of homes in the U.S. fell again in November to a four-year low in another sign of widespread weakness in the real-estate market that’s likely. month that have made.

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WASHINGTON (Reuters) – U.S. home resales. existing home sales remain constrained by a shortage of homes available for sale. The dearth of properties is keeping home prices elevated, sidelining some.

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 · (Among all states, only Hawaii is more expensive, on average, than California.) As of early-2015, the typical California home cost 7,000, more than double the typical U.S. home ($179,000). California renters also face higher costs.

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