New Home Sales Tumble In March, Despite Plunging Mortgage Rates

Read more on this subject: Housing
News Story Source: Zero Hedge – Tyler Durden

Source: Bloomberg

Based on signed contracts in February, when COVID-19 was on the radar but nothing like it was in March.

However, the 765k SAAR for new home sales is near the highest since 2007 (Purchases in January were revised up to an 800,000 rate)…

Source: Bloomberg

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