Existing-home sales fall to three-year low, miss estimates

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Existing-Home Sales Fall to 3-Year Low. falling short of estimates and indicating the housing market remained in a slowdown as the year ended.. Don’t miss crucial news and insights you.

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U.S. Housing Starts Hit 11 Year High as Building Permits Fall U.S. Housing Starts Down 12.3% To 9 Month Low as Rates Rise U.S. Existing Home Sales Plummet to Three Year Low Americans Buying Homes Again in June, Pending Home Sales +1.5% U.S. Housing Starts Fall 7% in Feb

Homebuilders Fall to 10-Month Low on Sales Data, Earnings Miss (Michael Flippo/Dreamstime). Blame that on disappointing economic data and earnings reports that trailed estimates.. That added to pessimism that appeared Tuesday when data showed existing home sales dropped for the third month.

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Pending Home Sales for June 2019 will be released on Tuesday, July 30, 2019 at 10:00 a.m. Eastern. The NAR Public Affairs Office issues a news release on or near the 25th of each month with the latest existing-home sales figures.

Existing Home Sales Miss Estimates The existing home sales report doesn’t matter to GDP, but it is important because most homes sold are in this category. As you can see from the chart below, sales of 5.19 million in April fell slightly from 5.21 million which missed the low end of the expected range which was 5.25 million.

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In part because of historically low mortgage rates, both new and existing home sales have been gradually trending upward. including the provision of three-year bank financing by the European.

U.S. Existing Home Sales Fall to Three-Year Low, Miss Estimates Shobhana Chandra , Bloomberg News (Bloomberg) — Sales of previously owned U.S. homes fell to the slowest pace in more than three years, falling short of estimates and indicating that the housing market remained in a slowdown as the year ended.

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