The U.S. housing slump continued in April

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The U.S. housing market continued to soften in April, with the spring selling season so far proving a disappointment despite falling mortgage rates and a strong economy. Existing-home sales fell 0.4%.

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Construction starts are up 5.7% since March but down 2.5% year over year, according to the Census Bureau Despite progress in April, the starts are still. where the bulk of new U.S. housing is.

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WASHINGTON (Reuters) – U.S. homebuilding fell for a second straight month in June and permits dropped to a two-year low,

House prices in Sydney, Melbourne and Perth are set to continue their steep. Related Story: Property downturn spreads as most capital cities.

The U.S. housing market continued to soften in April, with the spring selling season so far proving a disappointment despite falling mortgage rates and a strong economy.

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The U.S. housing slump continued in April Axios – Dion Rabouin The April reading of U.S. existing home sales missed expectations on Tuesday, adding another losing month to a long trend on a year-over-year.

Federal Reserve officials acknowledged they underestimated the U.S. housing recession, while continuing to view inflation as the biggest risk to the economy. Fed underestimated housing slump. The U.S. housing slump continued in April Axios – Dion Rabouin The April reading of U.S. existing home sales missed expectations on Tuesday, adding another losing month to a long trend on a year-over-year.

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Most analyses of the recent financial crisis in the US focus on the consequences of the dramatic slump in housing prices that started in the mid-2000s, which led to rising mortgage defaults, shrinking home equity credit and liquidity in the banking system. Yet these accounts do not explain what.

WASHINGTON (Reuters) – U.S. homebuilding fell for a second straight month in June and permits dropped to a two-year low,

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