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Daily Roundup of Key US Economic Data for May 11

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Home resales accelerated slightly to a 4.02 million seasonally adjusted annual rate in April from a 4.01 million rate in March.

Two of the four US regions posted month-over-month sales gains in April, while one declined and the other held steady. Sales were unchanged from April 2025.

"Despite mixed macroeconomic signals-including a record-high stock market and historically low consumer confidence-home sales were modestly boosted by the continued improvement in housing affordability," said NAR Chief Economist Dr. Lawrence Yun. "Mortgage rates are lower from a year ago, and average income growth is outpacing home price gains."

The supply of homes for sale rose by 5.8% from March and were up 1.4% from a year ago.

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