U.S. new home sales drop 11.4% in April, the most in two years

[JohnnyApplesack]

....Trump Slump taking its toll

so far the only Trumponomics winners are defense contractors building advanced military equipment for Saudi terrorists, nice


The Commerce Department said Tuesday that new home sales skidded 11.4% in April to a seasonally adjusted annual rate of 569,000. It was the biggest monthly drop since March 2015. Economists had expected a more modest retreat from March sales of 642,000, which were the highest since October 2007. Sales in April were still up 0.5% from a year earlier.

Sales fell in every region of the country, led by a 26.3% plunge in the West, the biggest drop since October 2010.

Economists were inclined to view the April reading as a one-month blip. Ian Shepherdson, chief economist at Pantheon Macroeconomics, called last month’s drop “a correction from the March cycle high, not a warning sign.”

U.S. new home sales drop 11.4% in April, the most in two years

 

[Jimmy_Chitwood]

....Trump Slump taking its toll

so far the only Trumponomics winners are defense contractors building advanced military equipment for Saudi terrorists, nice



The Commerce Department said Tuesday that new home sales skidded 11.4% in April to a seasonally adjusted annual rate of 569,000. It was the biggest monthly drop since March 2015. Economists had expected a more modest retreat from March sales of 642,000, which were the highest since October 2007. Sales in April were still up 0.5% from a year earlier.

Sales fell in every region of the country, led by a 26.3% plunge in the West, the biggest drop since October 2010.

Economists were inclined to view the April reading as a one-month blip. Ian Shepherdson, chief economist at Pantheon Macroeconomics, called last month’s drop “a correction from the March cycle high, not a warning sign.”

U.S. new home sales drop 11.4% in April, the most in two years

Not letting the market clear under Obama has grave consequences.

So does making the government buy all the over priced garbage mortgages.

I cleaned up shorting from 2007 to 2010

 

[toobfreak]

....Trump Slump taking its toll

Right. I guess so long as there are people out there dumb enough to believe anything they read, there will be liberal hack news sources out there willing to print any fake news they want.

 

[Dan Stubbs]

....Trump Slump taking its toll

so far the only Trumponomics winners are defense contractors building advanced military equipment for Saudi terrorists, nice


The Commerce Department said Tuesday that new home sales skidded 11.4% in April to a seasonally adjusted annual rate of 569,000. It was the biggest monthly drop since March 2015. Economists had expected a more modest retreat from March sales of 642,000, which were the highest since October 2007. Sales in April were still up 0.5% from a year earlier.

Sales fell in every region of the country, led by a 26.3% plunge in the West, the biggest drop since October 2010.

Economists were inclined to view the April reading as a one-month blip. Ian Shepherdson, chief economist at Pantheon Macroeconomics, called last month’s drop “a correction from the March cycle high, not a warning sign.”

U.S. new home sales drop 11.4% in April, the most in two years

They dropped because of the poor materials they put into them. People are really tired to buying junk that looks nice only to have the damm thing fall apart in a fews years. Example: manufactured wood does not hold up when used for roofing. China drywall will kill you and its cheap.