In February, there were 1.94 million previously owned homes on the market, representing 4.7 months of supply. The surge in demand for houses, thanks to an improving labor market and the Federal Reserve’s very accommodative monetary policy, is putting a firmer foundation under the economy as it deals with the headwinds from belt tightening in Washington. The stock of houses for sale has declined rapidly in recent months as both investors and ordinary Americans rush to take advantage of near record low mortgage rates. home sales during the spring selling season, but the housing market recovery should remain intact. WASHINGTON, April 3 (Reuters) - A shortage of properties could take some edge off U.S.
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