April US New-Home Sales Falls More Than Expected, Down Year-Over-Year

US new-home sales decelerated to a 622,000 annual rate in April from a downwardly revised 663,000 rate in March, well below the 660,000-rate expected in a survey compiled by Bloomberg.

Home sales were down 11.3% from April 2025.

The supply of homes available for sale increased by 1.7% to 489,000 but decreased by 2.2% from a year ago.

The median sales price rose to $422,500 from $391,100 in April and was above the $413,600 level a year ago.

The monthly new-home sales report from the US Commerce Department measures sales of new single-family homes at the time of the contract signing.

The report includes the number of new homes available for sale and the median sales price. A strong reading is a positive sign for mortgage lenders, home builders and related consumer product companies.

US Q1 GDP, Personal Consumption Growth Revised Lower in Second Estimate

US economic growth, as measured by gross domestic product, rose by 1.6% in Q1, revised lower from a 2.0% increase in the advance estimate.There was no revision expected in a survey compiled by Bloomberg as of 7:00 am ET.GDP rose by 0.5% in Q4.Personal consumer expenditures rose by 1.4% after a 1.9% gain in Q4, a downward revision from a 1.6% gain in the advance estimate.There were also negative adjustments to nonresidential fixed investment and inventories that were partially offset by upward revisions to residential fixed investment and net exports. Government spending growth was unrevised.The GDP price index rose by 3.5%, revised down from a 3.6% gain in the advance reading, with the overall PCE price reading unrevised at a 4.5% gain and core PCE price reading revised up slightly to a 4.4% increase from 4.3% in the advance estimate.The third estimate of Q1 GDP is scheduled to be released on June 25.The quarterly measure of gross domestic product, or GDP, is released by the US Bureau of Economic Analysis at three stages, with the advance reading about a month after the end of a quarter, followed by second and third readings for the same quarter two and three months after quarter-end.The data are broken down by each of the GDP components: consumption, fixed investment (which includes residential and nonresidential investment and inventories), government spending, and net exports (exports minus imports). The report also includes prices measures for the overall reading and the categories.Strong GDP growth is a positive for stocks, but a negative for bonds, especially if it is accompanied by sharp inflation gains.

April US Durable Goods New Orders Post Much Larger-Than-Expected Rise

New orders for US durable goods rose by 7.9% in April following a smaller increase of 1.3% in March, well above the expectations for a 4.0% increase in a survey compiled by Bloomberg.Excluding a 21.5% increase in transportation orders, new orders would have been up 1.1% in April after a 1.1% increase in March. Expectations were for a 0.5% gain.Durable goods shipments rose by 0.5% after a 0.8% increase in March. Excluding transportation, shipments were still up 0.5% after a 0.8% increase in the previous month.Nondefense capital goods orders excluding aircraft fell by 1.1% in the month, while shipments increased by 0.4%.

April US New-Home Sales Falls More Than Expected, Down Year-Over-Year

Related Articles

April US New-Home Sales 622,000 Vs. 660,000 Estimate; Prior 663,000

US Q1 GDP, Personal Consumption Growth Revised Lower in Second Estimate

April US Durable Goods New Orders Post Much Larger-Than-Expected Rise

Related Articles

International6d ago
April US New-Home Sales 622,000 Vs. 660,000 Estimate; Prior 663,000

International6d ago
US Q1 GDP, Personal Consumption Growth Revised Lower in Second Estimate
US economic growth, as measured by gross domestic product, rose by 1.6% in Q1, revised lower from a 2.0% increase in the advance estimate.There was no revision expected in a survey compiled by Bloomberg as of 7:00 am ET.GDP rose by 0.5% in Q4.Personal consumer expenditures rose by 1.4% after a 1.9% gain in Q4, a downward revision from a 1.6% gain in the advance estimate.There were also negative adjustments to nonresidential fixed investment and inventories that were partially offset by upward revisions to residential fixed investment and net exports. Government spending growth was unrevised.The GDP price index rose by 3.5%, revised down from a 3.6% gain in the advance reading, with the overall PCE price reading unrevised at a 4.5% gain and core PCE price reading revised up slightly to a 4.4% increase from 4.3% in the advance estimate.The third estimate of Q1 GDP is scheduled to be released on June 25.The quarterly measure of gross domestic product, or GDP, is released by the US Bureau of Economic Analysis at three stages, with the advance reading about a month after the end of a quarter, followed by second and third readings for the same quarter two and three months after quarter-end.The data are broken down by each of the GDP components: consumption, fixed investment (which includes residential and nonresidential investment and inventories), government spending, and net exports (exports minus imports). The report also includes prices measures for the overall reading and the categories.Strong GDP growth is a positive for stocks, but a negative for bonds, especially if it is accompanied by sharp inflation gains.

International6d ago
April US Durable Goods New Orders Post Much Larger-Than-Expected Rise
New orders for US durable goods rose by 7.9% in April following a smaller increase of 1.3% in March, well above the expectations for a 4.0% increase in a survey compiled by Bloomberg.Excluding a 21.5% increase in transportation orders, new orders would have been up 1.1% in April after a 1.1% increase in March. Expectations were for a 0.5% gain.Durable goods shipments rose by 0.5% after a 0.8% increase in March. Excluding transportation, shipments were still up 0.5% after a 0.8% increase in the previous month.Nondefense capital goods orders excluding aircraft fell by 1.1% in the month, while shipments increased by 0.4%.