by Calculated Risk on 5/23/2024 01:55:00 PM

Today, in the Calculated Risk Real Estate Newsletter: New Home Sales Decrease to 634,000 Annual Rate in April

Brief excerpt:

Note: there were some seasonal revisions back to 2019, and significant changes to house prices and price distribution in this release.

The Census Bureau reports New Home Sales in April were at a seasonally adjusted annual rate (SAAR) of 634 thousand. The previous three months were revised down.
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The next graph shows new home sales for 2023 and 2024 by month (Seasonally Adjusted Annual Rate). Sales in April 2024 were down 6.6% from April 2023.

There is much more in the article.