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US New Home Sales Soar For 2nd Straight Month As Prices Plunged In March
US New Home Sales Soar For 2nd Straight Month As Prices Plunged In March
After collapsing in January (-17.6% MoM - worst since July 2013 amid weather disruptions), US New Home Sales have risen strongly for two straight months - up 8.9% MoM in February and up 7.4% MoM in March...
Source: Bloomberg
This lifted new home sales by 3.3% YoY, but the total SAAR remains below Dec 2025 levels...
Source: Bloomberg
New home sales have really gone nowhere in three years.
Median new home prices plunged in March from $407k to $387.4k - its...
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