New Home Sales Decline 6.9%, But From Upwardly Revised Numbers
|New home sales fell 6.9% in April to a 673,000 (SAAR). Upward revisions added 39,000 sales to the prior two months.
The Census Bureau's New Residential Construction report shows new home sales at a seasonally adjusted annualized rate or 673,000.
New Home Sales by Region
New home sales are down in everywhere but the tiny North-East region. However, sales are up year-over-year except for the North-East.
Lower interest rates have helped housing.
Yet, sales are about at 1963 level of 663,000.
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