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US new-home sales slumped 6.9 per cent in April

US new-home sales slumped 6.9 per cent in April

Sales of new US single-family homes fell from near an 11-1/2-year high in April as prices rebounded and manufacturing activity hit its lowest level in almost a decade in May. New home sales dropped 6.9 per cent to a seasonally adjusted annual rate of 673,000 units last month. The median new house price increased 8.8 per cent from a year ago to $342,200 in April.

Jackie 1 year

It's almost like the middle class can afford to be middle class anymore...

drakethesnake 1 year

In the 1930's someone could buy a 5000 square foot house for about 70-100 paychecks for the median income. Today it's 2000-3000 paychecks.

drakethesnake 1 year

There is no middle class anymore, so there's that.

Freyar H
Freyar H 1 year

I sure a hell can't afford one in the current market.

Russell Daggett
Russell Daggett 1 year

I've been looking for a house for a few months, nothing fancy just a nice starter home that doesn't need to be renovated from the ground up. In the current market I either need to move two hours from my current job to a shitty part of the state, or some how start making twice what I already do.

Cory Pritchard
Cory Pritchard 1 year

This is the "strongest economy" America has ever experienced, yet with both parents working multiple jobs raising a kid or two are struggling harder than a man working raising 16 kids a couple decades ago. What wealth gap?

consistency 1 year

so. much. winning!

Yudith Santoso
Yudith Santoso 1 year


Robert 1 year

Owe $450/mo mortgage for my 4 bedroom 2 bath being in Missouri sure feels great.

Unity.Nat 1 year

Who knew a strong labor force would allow people to afford houses again. I sure do hope the banks don't try and inflate them again

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