New Home Sales Beat Expectations With A 7.3% Rise

new homes Arizona

Headline: 323,000, up 7.3%

Consensus: 300,000 annualized in April, expected to make remain flat

Analysis: Last month, new home sales spiked 11%, after a weak February number. Sales, however, continue to be weak overall.

But this is significant month-over-month growth, notable if the growth can continue. That being said, this is still a number well depressed from the pre-housing collapse highs.

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