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New Single-Family Home Sales Decline in April

New Single-Family Home Sales Decline in April

Robert Hughes Sales of new single-family homes fell in April, decreasing 5.9 percent to 863,000 at a seasonally-adjusted annual rate from a 917,000 pace in March. Sales are still up 48.3 percent from the year-ago level but have fallen in five of the last nine months (see top of first chart). Weakness over the last […]