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Home>Opinions and Analysis>New Home Sales Decline 6.9, But From Upwardly Revised Numbers

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New Home Sales Decline 6.9%, But From Upwardly Revised Numbers

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Mish

Global Economic Analysis

Published : August 09th, 2019

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Category : Opinions and Analysis


	New home sales fell 6.9% in April to a 673,000 (SAAR). Upward revisions added 39,000 sales to the prior two months. The Census Bureau's New Residential Construction report shows new home sales at a seasonally adjusted annualized rate or 673,000. New Home Sales by Region New home sales are down in everywhere but the tiny North-East region. However, sales are up year-over-year except for the North-East. Lower interest rates have helped housing. Yet, sales are about at 1963 level of 663,000.

Source : moneymaven.io

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Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com

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