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

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.

It’s one thing to miss estimates on sales in a given quarter. Another angle on the recent retail earnings picture is housing. Both LOW and Home Depot (HD) disappointed, and existing home sales for.

New home sales drop 6.9% in April; prices increase * Markit flash U.S. PMI drops to 50.6 in May from 52.6 * Weekly jobless claims fall. growth estimates. Slowing growth supports the Federal Reserve.

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Homebuilders are sinking – and blame that on disappointing economic data and earnings reports that trailed estimates.. Homebuilders fall to 10-month low on sales data, earnings miss. That added to pessimism that appeared Tuesday when data showed existing-home sales dropped for the.

Drop in housing starts shows industry may weigh on growth While housing sales rose by an unexpectedly solid 10 percent, growth in new construction starts almost halved to 5.2 percent in May, according to Reuters calculations. Analysts expect the housing market to continue to slow, as the government remains wary of still-rising home prices and has maintained strict controls on home purchases and.

US existing home sales fall sharply to 3-year low.. existing home sales fell in three of the country’s four major regions, rising only in the Northeast.. Earnings estimates data provided by.

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LIVE: Acting attorney general Matthew Whitaker testifies before the House Judiciary Committee 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

February’s foreclosure inventory fell to lowest rate since 1999 Affordability improves, but tight home supply prevents real progress Affordability improves, but tight home supply prevents real progress. Affordability got better for mortgage borrowers at the start of 2019, but housing inventory constraints limited the degree of improvement, according to the National Association of Home Builders and Wells Fargo..February’s foreclosure inventory fell to lowest rate since 1999 Strong levels of employment and continued economic expansion drove February’s mortgage delinquencies and foreclosures to 20-year lows, according to CoreLogic.

These include the ECB meeting which ends Thursday, as well as existing home sales this morning and new home sales Tuesday. Crude oil recently reached three-year highs near $70 a barrel. U.S. crude.

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The overall jobless rate declined to 8.1% from 8.2% – a three-year low and topping expectations. revenues also miss. (-) QLGC, Fiscal Q4 operating earnings decline $0.05 from year-ago, sales fall 7.