New Home Sales

Julie C. Nichols Mortgage

New Home Sales, which measures signed contracts on new homes, were down 6.9% in April, which was weaker than the 3% drop expected…but this doesn’t tell the whole story.  The March report was revised significantly higher.  When factoring in the revision, sales were only down 2.8%, which was in line with expectations.  Diana Olick and the media would have you believe that this was a very weak report and that housing is dead.  Keep in mind that Sales are still up a solid 7% year over year.


Reblogged from MBS Highway:



The views expressed are my own and do not necessarily reflect the views of my employer.

Visit my website at: or contact me with any of your home loan questions, NMLS #280620

Download my mobile app from the app store:



 [tags Mortgage, Real Estate], [category Mortgage], #MortgageBlog, #NicholsTeam, #JulieCNichols, #HighlandsResidentialMortgage, #BestMortgageLender