April’s wearker-than-anticipated new-home sales report follows a strong March, which was the best month for new-home sales since July 2016. One driver of that growth was a mild winter that allowed crews to get to work sooner putting up new homes to address continued demand.
Whether that growth trend will continue, and how robust it might be, is to be determined. Single-family housing starts ticked up slightly in April and were ahead 8.9% year-over-year.
