New home sales rose slightly in April, defying expectations of a huge 22% drop, as prices fall

Posted by on May 26, 2020 12:44 pm
Categories: US National Stories

In perhaps one of the brightest economic readings since the start of the coronavirus pandemic, sales of newly built homes rose nearly 1% in April compared with March, according to the U.S. Census. While that may not seem like a lot, they were expected to fall 22%.

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