Steel Markets
April 23, 2019
Existing Home Sales Miss Expectations in March
Written by Sandy Williams
Existing home sales fell more than expected in March following a surge in sales in February. March transactions dropped 4.9 percent from the previous month to a seasonally adjusted annual rate of 5.21 million, said the National Association of Realtors.
Sales retreated in all four U.S. regions with the Midwest posting the largest decline. March existing-home sales numbers decreased 2.9 percent in the Northeast, 7.9 percent in the Midwest, 3.4 percent in the South and 6.0 percent in the West.
