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New Home Sales Unexpectedly Plunged In May As Prices Surged

New Home Sales Unexpectedly Plunged In May As Prices Surged With Case-Shiller reporting existing home price declines in half of America's largest cities, New Home Sales were expected to rebound from April's ugly decline. But they didn't... at all... NAR reports that New Home Sales in May plunged 7.3% MoM (versus the 3.2% MoM rise expected). That print was below the lowest analysts forecast. April's 6.2% MoM plunge was revised up modestly to a 5.7% decline, all of which left new home sales down on a YoY basis... Overall, new home sales have really gone...
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May 21, 2026 / Tyler Durden
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Apr 25, 2026 / Tyler Durden
"We Have All The Cards": Trump Cancels Witkoff-Kushner Trip To Pakistan For Iran Talks
"We Have All The Cards": Trump Cancels Witkoff-Kushner Trip To Pakistan For Iran Talks Summary In a sharp reversal, Trump has personally canceled the Witkoff-Kushner trip to Pakistan Iran denies that FM Abbas Araghchi's trip to Pakistan will include new talks with US, rejecting reports that Trump is sent his negotiating team to restart negotiations. 24/7 shuttle diplomacy (via Al Jazeera): There’' been shuttle diplomacy, and as one diplomat said, it's been relentless diplomacy that has been put forward by Pakistan from all sides. Iran's military says finger on the trigger: "greater power & readiness than...
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