US new home sales for April's 591K vs. 751K estimate

• New home sales 591K vs. 751K estimate
• New home sales -16.6% vs. -1.7% estimate
• Lowest level since April 2020
• These numbers are contracts assigned in April
• Month supply is 9 months up from 6 months in March.

The 30 year fixed rate is now up to 5.36% and is having an impact on home sales. The monthly payment has increased $450 from the start of the year.

Looking at the chart above, the sales price has returned back to the normal ranges from April 2017 to post pandemic 2020 when the pandemic caused a shift in housing moves.

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/Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term