US home sales fell 0.4% in April amid limited supply

While existing home sales are still down 1.1% over the year, sales rose 2.5% in May and are trending in the right direction. Housing starts fell 0.9% in May. translate to increased purchasing?.

US home sales fell 0.4% in April amid limited supply By Associated Press Washington, D.C. PUBLISHED 10:48 AM ET May. 21, 2019 PUBLISHED May 21, 2019 @10:48 AM SHARE

US home sales fell 0.4% in April amid limited supply Photo Credit: AP Photo/Keith Srakocic, File FILE- In this Jan. 4, 2019, file photo a sign hangs outside a house for sale in Pittsburgh’s.

WASHINGTON (AP) – U.S. home sales slipped 0.4% in April, as would-be homebuyers face affordability challenges and a limited supply of starter houses. The National Association of Realtors said Tuesday that existing homes sold at a seasonally adjusted annual rate of 5.19 million last month, down from 5.21 million in March.

WASHINGTON – U.S. home sales slipped 0.4% in April, as would-be homebuyers face affordability challenges and a limited supply of starter houses. The National Association of Realtors said Tuesday.

U.S. home sales slipped 0.4% in April 2019, as would-be homebuyers face affordability challenges and a limited supply of starter houses. The National Association of Realtors says that existing homes sold at a seasonally adjusted annual rate of 5.19 million last month, down from 5.21 million in March 2019.

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Inventories have improved, but there is still a lack of homes for sale by historical standards. There were 4.2 months’ supply in April, up from 3.8 months in March.

Sales at the department-store subgroup fell 0.5% in February and 4.0% from a year ago. Spending at restaurants and bars rose 0.1% on the month, but the year-over-year gain slowed to 3.6%.

WASHINGTON – U.S. home sales slipped 0.4% in April, as would-be homebuyers face affordability challenges and a limited supply of starter houses.The National Association of Realtors said Tuesday.

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US home sales fell 0.4% in April amid limited supply May 21, 2019 at 7:01 am Updated May 22, 2019 at 4:18 am FILE- In this Jan. 4, 2019, file photo a sign hangs outside a house for sale in.

U.S. home sales slipped 0.4% in April, as would-be homebuyers face affordability challenges and a limited supply of starter houses. The National Association of Realtors says that existing homes.

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