April New Home Sales Decline Sharply, almost 6 Months of Inventory Under Construction
New Home Sales Decrease to 591,000 Annual Rate in April
The Census Bureau reports New Home Sales in April were at a seasonally adjusted annual rate (SAAR) of 591 thousand.
The previous three months were revised down.
Sales of new single‐family houses in April 2022 were at a seasonally adjusted annual rate of 591,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of …