Shortage of cheaper houses stifles U.S. home sales [Toronto Globe and Mail (Ontario, Canada)]
Federal Home Loan Mortgage Corporation (FMCC)
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Source: Toronto Globe and Mail
Shortage of cheaper houses stifles U.S. home sales 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 (NAR) on Tuesday came on the heels of data last week showing retail sales and industrial production dropped in April, which prompted economists to cut growth forecasts for the second quarter. Falling mortgage rates and the lowest unemployment rate in nearly 5 years are boosting demand for lower-priced homes. Story continues below advertisement “A mismatch between strengthening entry-level demand and scarce entry-level supply is likely playing a role in the underwhelming sales pace,” said Charlie Dougherty, an economist at Wells Fargo Securities in Charlotte, N.C. “A significant breakout in existing home sales is unli
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FMCC
Sec Filings
- 3/3/26 - Form ABS-15G
- 2/17/26 - Form ABS-15G
- 2/12/26 - Form 8-K
- FMCC's page on the SEC website