Single-family home sales slipped in April, according to data released by the federal government this week, continuing a somewhat slow-down trend overall.
The US Census Bureau and the US Department of Housing and Urban Development (HUD) reported that sales of new single‐family houses in April 2022 were at a seasonally adjusted annual rate of 591,000, 16.6 percent below the revised March rate of 709,000 and 26.9 percent below the April 2021 estimate of 809,000.
Days earlier, Redfin reported slowing as well, suggesting that the housing market turned a corner in April as the inventory crunch showed signs of easing.
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