Contracts to buy previously owned US homes rebounded in June after three straight monthly declines, but the housing market remained constrained by a shortage of properties available for sale.
Other data on Monday showed that factory activity in the Midwest slowed this month after hitting a three-year high in June, with manufacturers reporting declining orders.
The National Association of Realtors said its Pending Home Sales Index, based on contracts signed last month, jumped 1.5 per cent, more…
Source : South China Morning Post
Read more…Sales of US homes rebound in June but lack of properties hold back growth















