U.S. Home Sales Continue to Decrease in April

U.S. sales of new single-family homes in April were at a seasonally adjusted annual rate of 591,000, down 16.6% from March and 26.9% lower than the comparable month last year.

The seasonally adjusted estimate of new homes for sale at the end of April was 444,000, representing a 9.0-month supply at the current sales rate. See U.S. Census Bureau

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