New Home Sales Pop in April, Inventory Hits Lowest Level Ever

---

We just got the latest look at the new home market from the Census Bureau. Sales rose 7.3 percent to a seasonally adjusted annual rate of 323,000 in April from 301,000 in March. That beat economists’ expectations for an unchanged reading, and it leaves sales at the highest level since December.

The number of homes for sale continued…



[[ This is a content summary only. Visit my website for full links, other content, and more! ]]