New Home Sales Plunging, Too—April Down 6.9%

Following the disappointment in existing home sales (down YoY for 14 months straight), the recent spike in new home sales was expected to slide 2.5% MoM in April, but instead it crashed back to reality, plunging 6.9% MoM (after an upward revision for March).

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https://www.zerohedge.com/news/2019-05-23/new-home-sales-collapse-april-median-prices-soar