Shortage of cheaper houses stifles sales of US homes

Shortage of cheaper houses stifles sales of US homes

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A member of one wealthy family – who has had two relatives jailed in the crackdown – says its businesses are “doing very badly”, adding: “There is a lot of adjustments – real estate has been. our.

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Existing home sales, which make up about 90% of U.S. home sales, dropped 4.4% from a year ago, the 14th straight annual decrease. According to the NAR, there was a 10% drop from a year earlier in sales of houses priced 0,000 and below.

Last year, Hernando issued 553 permits for single family homes compared to 4,185 in the boom year of 2005. But the shortage of new houses has spurred sales of existing ones. has been a big boost.

Land and labor shortages, however, continue to constrain builders’ ability to construct more lower-priced houses, the segment of the market that has suffered an acute shortage of inventory and weak.

Shortage of cheaper houses stifles U.S. homes sales Reuters – By Lucia mutikani washington (reuters) – U.S. home sales fell for a second straight month in April, weighed down by a chronic shortage of more affordable houses, the latest sign the economy was slowing after a temporary boost from exports and an inventory overhang in the first quarter.

Shortage of cheaper houses stifles sales of US homes, Real. – According to the NAR, there was a 10 per cent drop from a year earlier in sales of houses priced at US$100,000 and below. The Realtors group said there was strong demand in this market segment, but not enough homes for sale.

FILE PHOTO: A home for sale is seen in Santa Monica, California, U.S., March 21, 2017. REUTERS/Lucy Nicholson PARIS (Reuters) – Shareholders of French bank Societe Generale voted to give Chief.

The Chinese may also be souring on U.S. real estate due to the current political. While the Realtors point to the steep runup in home prices over the past several years, as well as the shortage of.

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