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US New Home Sales Slump in April Amid Rising Rates and Prices

New home sales in the United States slumped in April, attributed to higher mortgage rates and increasing home prices. This decline reflects a challenging market for homebuyers.

28 May, 14:07 — 28 May, 14:07
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zerohedgeLow6d ago

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 ...

By Tyler Durden

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Coverage Timeline

First report: helsingin-sanomat · 28 May, 07:30Full coverage: 5 · 7hWindow: 7h
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helsingin-sanomat28 May, 07:30First to report

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2h later
zerohedge28 May, 14:07

US New Home Sales Tumbled In April As Prices Soared

Yahoo28 May, 14:31

US new home sales slump in April amid higher mortgage rates, prices

Reuters28 May, 14:32Latest update

US new home sales slump in April amid higher mortgage rates, prices - Reuters

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