U.S home sales appreciate strongly
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Tue, 24 Apr 2018 || Nigeria,
The United State (US) home sales has increased for a second straight month in March amid a rebound in activity in the Northeast and Midwest regions, but a dearth of houses on the market and higher prices remain headwinds as the spring selling season kicks off.
The supply squeeze is expected to ease somewhat later this year as data last week showed the stock of housing under construction rising in March to levels last seen in July 2007.
“Existing home sales look okay today with some clouds further out on the horizon from rising home prices and mortgage rates not enough to make us worry yet about the outlook this year,” said Chris Rupkey, chief economist at MUFG in New York.
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