Shortage of cheaper houses stifles U.S. home sales

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: THE BUSINESS TIMES Real Estate – US 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. . Read more at The Business Times.

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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.

WASHINGTON (AP) – The pace of U.S. home construction fell a sharp. rates have boosted interest among people seeking homes, yet the shortage of available homes and rising prices have dampened sales.

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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. The unexpected drop in sales reported by the National Association of Realtors on Tuesday came on the heels of.