You are here

US home resales down at 11-month low; jobless claims up a tad

Cooling in housing activity reflects supply constraints rather than ebbing demand

BT_20170826_RESALE26_3056470.jpg
The National Association of Realtors says that existing home sales fell 1.3 per cent to a seasonally adjusted annual rate of 5.44 million units last month. That was the lowest level since August 2016.

Washington

US home resales unexpectedly fell in July to an 11-month low as a chronic shortage of properties boosted prices, the latest sign that the housing market recovery was slowing.

The cooling in activity reflects supply constraints rather than ebbing demand, which is being

sentifi.com

Market voices on:

Powered by GET.comGetCom