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US New-Home Sales Expected to Slow in April After Rising Sharply in March

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US new single family home sales are expected to slow to a 660,000 annual rate in April, based on a survey compiled by Bloomberg, after increasing to 682,000 annual rate in March.

Sales would be below the 706,000 annual rate reported in April 2025.

The data are scheduled to be released at 10:00 am ET Thursday.

Supply of new homes for sale was well below its year-ago level in last month's report for March, even as prices fell.

Single-family existing home sales held steady in April, according to data released on May 11, but were down 0.3% from a year ago.

Recent mortgage application data from the Mortgage Bankers Association indicated that mortgage rates fell early in April before rising at the end of the month.

Home building data for April released on May 21 showed gains for building permits and home completions. However, there was a 2.8% decline for housing starts.

The National Association of Home Builders reported on May 18 that builder sentiment increased three points to 37 in May, remaining above the reading from a year earlier, but uncertainty and high mortgage rates remained headwinds to home building.

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