Robert Hughes

New Single-Family Home Sales Decline in April

“New-home sales fell in April and supply conditions eased slightly. Historically low inventory, rising prices, and somewhat higher mortgage rates appear to be weighing on activity.” – Robert Hughes

homesales

Existing-Home Sales Fall Again in April

“Existing-home sales fell in April as limited supply, rising prices and mortgage rates, and changing preferences work to cool the recent pace of activity.” – Robert Hughes

Pandemic Pressures Unwinding in Housing

“Home construction activity was mixed in April. While fundamentals remain solid for the housing market, reverting housing preferences and rising single-family prices are likely to restrain future activity.” – Robert Hughes

Industrial Output Rises in April Despite Weakness in Autos

“Industrial output rose for a second consecutive month in April, recovering from a weather-related drop in February; the sector still has a way to go until pre-pandemic levels of output. In general, cessation of government restrictions on consumers and businesses is boosting the economic outlook.” – Robert Hughes