U.S. home sales fall amid short supplies

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WASHINGTON (Reuters) – U.S. home sales unexpectedly fell 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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New U.S. single-family home sales unexpectedly fell in March, but the decline was concentrated in the West region, suggesting that the housing market continued to steadily improve. The Commerce.

The analysis projects that the annual gain in remodeling expenditures is expected to fall from 6.3% during the current.

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U.S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining potential buyers. U.S. existing home sales fall. U.S. exporters, however, made solid gains last year. Exports totaled $1 trillion – the best showing since 2000 – and a 4.6 percent increase from 2002.

The number of sales of previously owned homes in the U.S. dropped in April thanks to factors including low inventory, rising prices and higher mortgage rates. US Housing Market | Home Sales US

There aren’t any major U.S. economic reports scheduled. expenditures price index data, a home price index, consumer.

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The three-week rally in U.S. stocks sputtered for a second. full-year profit forecast as quarterly sales trailed expectations. harley-davidson Inc. dropped the most in the S&P 500 after its.

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Sales of previously owned U.S. homes fell 2.3% in April from the prior month’s revised level to a seasonally adjusted annual rate of 5.57 million, the National Association of Realtors said Wednesday.