United States new home sales drop significantly in April as supply reaches decade high

May 28, 2026, 2:03:50 PM UTC(2 hours ago)

Impact: Medium

Affected Assets

New home sales in April fell 6.2 percent to an annualized rate of 622,000 units, significantly missing the market consensus of 663,000
The inventory of new homes for sale surged to a 9.4-month supply at the current sales pace, marking one of the highest levels in recent years
March sales figures were revised downward to 663,000 from the previously reported 682,000 units, indicating a cooling trend in the housing market
Rising mortgage rates, which jumped from 4 percent to 5 percent earlier in the year, are cited as a primary factor dampening buyer demand
Market analysts note that while sales are slowing, pricing remains a critical factor for sellers as the market shifts toward a higher supply environment

US APR NEW HOME SALES -6.2% TO 622K; CONSENSUS 663.0K US MAR NEW HOME SALES REVISED TO 663K FROM 682.0K US APR NEW HOME SALES SUPPLY AT 9.4 MONTHS