U.S. Home Sales Drop Almost 5 Percent in March

National Association of Realtors | April 23, 2019

According to new data from the National Association of Realtors, existing-home sales retreated in the U.S. in March 2019, following February's surge of sales. Each of the four major U.S. regions saw a drop-off in sales, with the Midwest enduring the largest decline last month. Total existing-home sales completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 4.9% from February to a seasonally adjusted annual rate of 5.21 million in March. Sales as a whole are down 5.4% from a year ago (5.51 million in March 2018).

Spotlight

India’s economy exhibited healthy growth rates in the last decade, with the exception of 2012. The average growth rate registered over the period 2000–2012 was approximately 7.2%. The growth has been achieved on account of increased consumption, increased investment activity as well as productivity gains. Surviving on domestic demand and enhancing consumption levels, the manufacturing and services industries have also posted healthy growth levels in the past few years. However, on account of the prevailing global economic uncertainity and macro-economic factors the Indian economy recorded a growth of 5% in 2012–13.

Spotlight

India’s economy exhibited healthy growth rates in the last decade, with the exception of 2012. The average growth rate registered over the period 2000–2012 was approximately 7.2%. The growth has been achieved on account of increased consumption, increased investment activity as well as productivity gains. Surviving on domestic demand and enhancing consumption levels, the manufacturing and services industries have also posted healthy growth levels in the past few years. However, on account of the prevailing global economic uncertainity and macro-economic factors the Indian economy recorded a growth of 5% in 2012–13.

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