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Economic Report
Higher incentives and lower prices boosted sales
Last Updated: May 23, 2025 at 10:48 a.m. ET
First Published: May 23, 2025 at 10:11 a.m. ET
The numbers: U.S. new home sales rose 10.9% to a seasonally-adjusted annual rate of 743,000 in April from a revised 670,000 in the prior month, the government reported Friday. This is the highest level of sales since February 2022.
Economists polled by the Wall Street Journal had expected a decline in new-home sales as mortgage rates picked up in April.
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