From Quiver Quantitative: 2025-05-24 01:42:00

New U.S. single-family home sales surged by 10.9% in April to a three-year high of 743,000 units annually. Builders cut prices to attract buyers amid high mortgage rates approaching 7%. However, the median price for new homes dropped by 2% to $407,200. Economic uncertainty from trade tensions and tariff threats adds volatility to the housing market.

Despite the uptick in April sales, unsold home inventory remains near its highest level since 2007, signaling oversupply risks. Builders are cautious about new projects, anticipating lower demand. Analysts are skeptical about sustained growth due to high interest rates and economic uncertainty. Builders may continue aggressive pricing strategies amid unstable consumer confidence.



Read more at Quiver Quantitative: US New Home Sales Surge Amid Price Cuts but Future Remains Uncertain