New Home Sales Plunging, Too---April Down 6.9%

Following the disappointment in existing home sales (down YoY for 14 months straight), the recent spike in new home sales was expected to slide 2.5% MoM in April, but instead it crashed back to reality, plunging 6.9% MoM (after an upward revision for March).

 

 

 

 

 

 

 

 

 

https://www.zerohedge.com/news/2019-05-23/new-home-sales-collapse-april-median-prices-soar

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.