National Association of Home Builders CEO Jerry Howard argues he’s ‘very worried’ for the housing market as pending home sales continue to decline.
Sales of new single-family houses in the U.S. dropped significantly more than expected last month to the lowest level in two years as rising construction costs,U.S. Census Bureau's latest data shows the pace of new home sales fell by 16.6% in April from the month before at a seasonally adjusted rate of 591,000. Analysts surveyed by Refinitiv anticipated a dip of 1.7%.
A house under construction in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, U.S., on Thursday, March 31, 2022.
Most leading of housing indicators clearly signaling the end of the current housing mania. Rates up, prices down.
Recession is here
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Los Angeles County home sales drop 17% as house payment soar 36%Record $865,000 countywide median for all homes — up 3% in a month and up 15.3% in a year
Source: ladailynews - 🏆 332. / 59 Read more »
'Recession warning': Sales of new homes plunge in AprilSales of new single-family homes plummeted in April as rising mortgage interest rates and skyrocketing house prices took a toll on the market. “[It's] a clear recession warning,” said the chief economist for the National Association of Home Builders. here are my naked photos Or, maybe, it's a market correct against the private equity groups who have driven prices so high. A recession that's being manufactured.
Source: politico - 🏆 381. / 59 Read more »
17 Surprisingly Cute Photos of TurtlesHappy WorldTurtleDay! Join us in celebrating the incredible diversity of these amazing reptiles anaegroeg GOVEGAN
Source: NatGeo - 🏆 537. / 51 Read more »
17 B Corp Certified Beauty Products You Can Feel Good About ShoppingGood for the planet and your face.
Source: SELFmagazine - 🏆 478. / 51 Read more »
Fans Choose Harry Styles’ New Album ‘Harry’s House’ as This Week’s Favorite New Music.Harry_Styles' new album, 'Harry’s House,' tops Billboard's latest new music poll. Harry_Styles 진짜 회사 입장에선 엄청 당황스러웠을 거다.. 면접 당시 미혼이라고 그랬는데 왜 저렇게 된건가 싶었을 것 같기도 하고.. 그래도 내 사정 크게 물어보지 않고 출산휴가도 쓰게 해줬다. Harry_Styles RedMaresRbetter
Source: billboard - 🏆 112. / 63 Read more »
Noel Márquez composes the lyrics for Caracas, Venezuela’s new anthem - New York Amsterdam NewsNoel Márquez, president of Venezuela’s famed Grupo Madera Foundation, has played a central role in the creation of a new image for Caracas, the capital and largest city in Venezuela.
Source: NYAmNews - 🏆 269. / 63 Read more »