by Calculated Risk May 23, 2024 01:55:00 PM
Today’s Calculated Risk Real Estate Newsletter: New home sales in April decreased to 634,000 compared to the previous year
excerpt:
Note: There have been several seasonal revisions dating back to 2019, and this release includes significant changes to home prices and price distribution.
Census Bureau report New home sales in April came in at a seasonally adjusted annual rate (SAAR) of 634,000, down from a downward revision in the previous three months.
…The following chart shows new home sales by month for 2023 and 2024 (seasonally adjusted annualized rates). Sales in April 2024 were down 6.6% compared to April 2023.
There’s a lot more to this article.
