US home sales fell for the sixth straight month in September, a sign that housing has increasingly become a weak spot for the economy.
The National Association of Realtors said Friday that sales declined 3.4 per cent last month, the biggest drop in two and a half years, to a seasonally adjusted annual rate of 5.15 million. That is the lowest sales pace since November 2015.
Hurricane Florence dragged sales in North Carolina, but even excluding the storm’s effects, sales would have fallen…
Source : South China Morning Post
Read more…US home sales in September fall for sixth straight month to slowest pace in three years















