New Home Sales Plummet 11.3% in May 2024

The May release for new home sales from the Census Bureau came in at a seasonally adjusted annual rate of 619,000 units, lower than the 636,000 forecast. New home sales are down 11.3% month-over-month from a revised rate of 698,000 in April and are down 16.5% from one year ago. For a longer-term perspective, here [...] The post New Home Sales Plummet 11.3% in May 2024 appeared first on ETF Trends .