US home sales fell for a fourth straight month in May as record-high prices amid low inventory frustrated potential buyers, a trend that could persist for a while, with builders unable to deliver more houses because of expensive lumber. The decline in sales reported by the National Association of Realtors yesterday was concentrated in the single-family housing segment, which benefited from a migration from cities as millions of Americans sought more spacious accommodations for home offices and schooling during the Covid-19 pandemic. Sales are retreating back to their pre-pandemic levels. “It’s becoming clear that record-high price growth and an enduring shortage of available homes are begin
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