The New Paper

May 26, 2021

New home sales decline in April

New home sales in the US fell by 5.9% in April, coming in below economist expectations. The decline comes amid increasing home prices, driven in part by lower supply and record lumber prices (which have increased by ~300% compared to the same period last year).
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This story is from the May 26, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.