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In the United States, 591,000 new homes were sold in April 2022, compared with 709,000 in March, a drop of 17%. On a year-on-year basis, the decline is down by 27% (sources: U.S. Department of Housing and Urban Development and Census Bureau).
This is the fourth consecutive month of decline and the lowest level since the start of the pandemic, which led to a surge in demand as Americans sought larger homes to keep their children at home and telecommute. One reason for this is the rising...
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