A few Comments on April New Home Sales

New home sales for April were reported at 569,000 on a seasonally adjusted annual rate basis (SAAR).  This was well below the consensus forecast, however the three previous months combined were revised up significantly. Overall this was a decent report. Sales were only up 0.5% year-over-year in April. Earlier: New Home Sales decrease to 569,000 Annual Rate in April . Click on graph for larger image. This graph shows new home sales for 2016 and 2017 by month (Seasonally Adjusted Annual Rate).  Sales were up 0.5%......(read more)

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