US New Home Sales Tumbled In April As Prices Soared
US New Home Sales Tumbled In April As Prices Soared With Case-Shiller reporting existing home price declines in half of America's largest cities, and after two straight months of rip-roaring demand, NAR reports that New Home Sales in April tumbled 6.2% MoM (almost twice as bad as the 3.2% MoM decline expected). March's 7.4% MoM spike was revised down bigly to just +3.4%, all of which left new home sales down Source: Bloomberg Overall, new home sales have really gone nowhere for...
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