Key Takeaways From the April New Home Sa

Key Takeaways From the April New Home Sales Report – New home sales unexpectedly rose 6.8 percent in April, to 517,000 units (SAAR), according to the U.S. Census Bureau. A rebound in sales in the Midwest and South accounted for all of the increase in new home sales, while sales in the Northeast and West fell slightly. The median sale price of new homes rose month-over-month for the first time in five months, although the typical new home is still 3.6 percent less expens…

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