In April 2025, sales of new single-family homes were reported at a seasonally-adjusted annual rate of 743,000, reflecting a 10.9% increase from March and a 3.3% rise compared to the same month in 2024. Despite this growth, builder stocks are struggling, particularly among smaller builders who often face challenges due to rising inventory and higher mortgage rates. The report indicates a decline in builder confidence, which could be due to financial constraints that affect smaller firms more severely. Notably, the new home purchase application data released by the MBA also shows promising growth.
The sales of new single-family homes in April 2025 reached an annualized rate of 743,000, marking a notable increase over previous months and years.
Builder confidence remains low amidst challenges like elevated mortgage rates and rising inventory, particularly affecting smaller builders with weaker financial positions.
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