US New Home Sales Surged In April Despite Slump In Homebuilder Confidence

New home sales in April increased at the fastest pace since early 2023, defying persistent recession predictions by critics of the Trump administration. According to the U.S. Census Bureau and the Department of Housing and Urban Development, sales rose 10.9% from March to a seasonally adjusted annual rate of 743,000 units, representing a 3.3% increase over April 2024. The Midwest led the rebound with a 35.5% increase in sales, followed by an 11.…

US New Home Sales Surged In April Despite Slump In Homebuilder Confidence

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Why did we just see the highest new home sales print in years?

I know this is a crazy stat, given how much the builders’ confidence is falling, but new home sales just had the highest monthly sales print in years. Can this be revised lower in the future? Yes, just like the previous months have been. But there’s a bigger story here that I’ll address because this headline might be very confusing. First, let’s review the new home sales report itself. New home sales report From Census: Sales of new single-famil…

US new home sales unexpectedly rise in April

New home sales surged 10.9% to a seasonally adjusted annual rate of 743,000 units last month, the Commerce Department's Census Bureau said on Friday

US New Home Sales Surged In April Despite Slump In Homebuilder Confidence - Nemos News Network

Despite the plunge in homebuilder confidence, US New Home Sales soared in April to 743k SAAR… The 10.9% MoM surge in sales in April (versus a 4.0% MoM expected decline) was bolstered by a big downward revision in March from +7.4% MoM to just +2.6%… This is the biggest beat since August 2022… and the second big downward revision in a row… Meanwhile, the median new home sales price decreased 2% from a year ago to $407,200 (on an annual basis, pric…

US new home sales rise by 10.9% in April

New single-family home sales in the United States grew by 10.9% in April compared to March, amounting to 743,000, according to a report by the Census Bureau on Friday. Sales of new houses improved by ...