Newsfeed: US New Home Sales Crashed In March

By Tyler Durden

Analysts expected a 3rd straight month of declines in new home sales in March, but they did not see this bloodbath coming. New Home Sales crashed 8.6% MoM (vs -0.6% exp). That drags new home sales down 12.6% YoY.

Source: Bloomberg

This is the biggest drop since April 2021 and this is the start of the busiest season in the year for housing. This is the lowest SAAR since Nov 2021…

Source: Bloomberg

Finally, there is no ignoring the fact that home sales are going to be affected by the record surge in mortgage rates in the last month or so…

Source: Bloomberg

DRHorton claims that 10% of buyers will be impacted BUT also claims that there are plenty more behind them ready to bid for new homes…

We shall see!


More From The Real Estate Guys

The Real Estate Guys™ radio show and podcast provides real estate investing news, education, training, and resources to help real estate investors succeed.


Subscribe

Broadcasting since 1997 with over 600 episodes on iTunes!

real estate podcast on itunesSubscribe on Androidyoutube_subscribe_button__2014__by_just_browsiing-d7qkda4

 

 


Love the show?  Tell the world!  When you promote the show, you help us attract more great guests for your listening pleasure!

 

 

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email

SIGN UP FOR OUR FREE NEWSLETTER

Explore The Archives

Archives
Metal Ask Change
Gold $1869.55 $11.86
Silver $22.21 $0.29
Platinum $969.95 $0.5
Palladium $2059.12 $21.73
Gold to Silver 84.18 to 1
Gold to Platinum 1.93 to 1
Gold to Palladium 0.91 to 1

The Real Estate Guys™ Guests and Contributors Have Been Featured On: