US New Home Sales Tank 7.8% MoM As Interest Rates Drop And Home Price Growth Slows

US New Home Sales dropped 7.8% MoM in April to 626k units SAAR.

nhsjeez

Notice that new home sales YoY are down 3.7% while median prices for new home sales are down 2.7% YoY.  New home sales YoY peaked in 2012 and have been slowing cooling.

nhsm

And new home sales are declining despite declining mortgage rates.

nhsint

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.