New Home Sales Fall 6% In April As Median Price Surges
New home sales in April decreased by 6% compared to the previous month. This decline occurred despite a surge in the median price of new homes. The seasonally adjusted annual rate of new home sales was reported at 622,000.
- ▪New home sales fell by 6% in April.
- ▪The median price of new homes has surged.
- ▪The seasonally adjusted annual rate of new home sales was 622,000.
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