US new home sales surpassed March estimates, reporting 693,000 sales month-over-month while falling 2% on an annual basis. The inventory crunch and relatively high mortgage rates have subsequently put a bind on the US housing market, which may be opening up more buying opportunities for new homes.
Additionally, S&P Global's US Manufacturing Purchasing Managers' Index (PMI) fell below estimates with a reading of 49.9 for April.
Yahoo Finance's Seana Smith and Madison Mills break down the fresh data prints.
#news #youtube #realestate
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple ([ Ссылка ]) or Android ([ Ссылка ])
- Follow Yahoo Finance on social:
X: [ Ссылка ]
Instagram: [ Ссылка ]
TikTok: [ Ссылка ]
Facebook: [ Ссылка ]
LinkedIn: [ Ссылка ]
