Posted To: Pipeline Press
Trends in New Home Sales "Pending" Home Sales, "Existing" Home Sales, and "New" Home Sales - take your pick. They all show something slightly different, and economists have their favorites. Housing and jobs play critical roles in the United States economy, thus the abundance of various statistics for each one. What have New Home Sales been doing recently? The numbers measure sales of newly built homes, and are a lagging indicator since the number comes out late in the subsequent month. Remember that sales can head higher, or lower, for different reasons. For example, do sales drop because no one wants a home, they're too expensive, or there are none for sale? April's numbers just came out yesterday . We learned that new U.S. single-family home sales tumbled over 11% from near a 9-1/2-year high...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/2qbxAJc
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