What new home sales numbers could mean for buyers and the economy ...Middle East

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What new home sales numbers could mean for buyers and the economy
Home sales last month beat expectations and reached a high not seen in more than a year, as more supply enters the housing market and potentially puts a downward pressure on prices. New single-family home sales were up 4.1 percent in April from March, and up by 11.8 percent from a year ago, according to data released by the Census Bureau on Tuesday. Sales were at a seasonally adjusted annual rate of 683,000 units, up from a revised 656,000 in March.  Builder confidence also climbed for the fifth straight month to its highest level since 2022, according to National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index released earlier in May.  All of this could be

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