New Homebuyers in the US Prefer Move-In Ready Homes, Declining Interest in Fixer-Uppers on Nostr: US Home Construction Slumps to Slowest Pace in Four Years =============== #e535966b ...
US Home Construction Slumps to Slowest Pace in Four Years
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#e535966b ver:0.57
US home construction slumps to slowest pace in four years as existing home sales decline for the second consecutive month. High mortgage rates and rising prices are contributing to the slowdown. Despite the dip in sales, housing inventory is increasing, which may stabilize prices in the future. However, entry-level homes remain scarce. Economists expect home sales to either remain stagnant or decline further in the coming months. Sales of new homes in April were weaker than expected, and US house price growth slowed sharply in March. House price expectations for the next five years have surged to a 16-year high. Sales of existing homes in May dropped to one of their lowest levels on record, with a record share of homes having a price cut. New home construction in May slumped to the slowest pace in four years, suggesting a potential detractor from economic growth. The US still faces a housing shortage, keeping prices elevated and locking many Americans out of homeownership. #UShousingmarket #homeconstruction #homesales #housinginventory #houseprices...
#newstr #UsExistingHomeSales #MortgageRates #HousingInventory #MedianSalesPrice #FederalReserve #UsHousePriceInflation #Fhfa #UsHousingEconomy #HousePrices #RealEstateMarket
https://here.news/story/e535966b?ver=0.57
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#e535966b ver:0.57
US home construction slumps to slowest pace in four years as existing home sales decline for the second consecutive month. High mortgage rates and rising prices are contributing to the slowdown. Despite the dip in sales, housing inventory is increasing, which may stabilize prices in the future. However, entry-level homes remain scarce. Economists expect home sales to either remain stagnant or decline further in the coming months. Sales of new homes in April were weaker than expected, and US house price growth slowed sharply in March. House price expectations for the next five years have surged to a 16-year high. Sales of existing homes in May dropped to one of their lowest levels on record, with a record share of homes having a price cut. New home construction in May slumped to the slowest pace in four years, suggesting a potential detractor from economic growth. The US still faces a housing shortage, keeping prices elevated and locking many Americans out of homeownership. #UShousingmarket #homeconstruction #homesales #housinginventory #houseprices...
#newstr #UsExistingHomeSales #MortgageRates #HousingInventory #MedianSalesPrice #FederalReserve #UsHousePriceInflation #Fhfa #UsHousingEconomy #HousePrices #RealEstateMarket
https://here.news/story/e535966b?ver=0.57