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US new home sales fall in April

by ChemOrbis Editorial Team - content@chemorbis.com
  • 24/05/2017 (13:39)
According to data released by the US Commerce Department, new U.S. single-family home sales decreased in April after posting a larger-than-expected increase in March.

New home sales fell by 11.4% on a monthly basis to 569,000 units in April after a revised 642,000 in March and fell below the economists’ estimates of a drop to 602,000. On a yearly basis, however, new home sales were up by 0.5%.

The fall in home sales in the fourth month of the year was mainly driven by a decline in home sales in the West, where sales posted a decrease of 26.3%.
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