- New home sales fell 16.6% in April from March to a seasonally adjusted 591K.
- Consensus among economists was a 3.4% drop.
- New home sales dropped for the fourth consecutive month.
- March sales were also revised down to 709K from 763K.
- The volume of new single‐family home sale are down 16.6% from the March rate and 26.9% lower than the rate a year ago.
- The Right Facts will continue to monitor home sales.