The Econoday consensus estimate for April new home sales was 677,000 at a seasonally adjusted annualized rate (SAAR).

The Census Department report on New Residential Construction shows a 1.5% pullback to 662,000. But March was revised from 694,000 all the way to 672,000.

The decline from March as originally reported was 4.6%. The perceived housing momentum flattened.

Mortgage News Daily trumped this up as New Home Sales Continue to Improve on Annual Basis. The statement is true but the comparison was also easy.

Easy Year-Over-Year Comparison

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The March sales as originally reported were up 5.3% from February. As revised today, March sales were up 1.9% over February. April took 1.5 percentage points from March.

The perceived housing momentum just vanished.

Mike "Mish" Shedlock

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Housing Starts Retreat 3.7% in April, March Revised Higher

Housing starts pulled back a bit more than economists expected in April. Regionally, only the South had a good month.

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New home sales rose 1.3% in November but only because of huge downward revisions.

Durable Goods Orders Drop 0.8 Percent, March Revised Substantially Lower

The factory sector weakened in April following a strong but negatively revised March. Core capital goods orders fell 1%.

Thud! Sept New Home Sales Plunge 5.5% from Dramatically Revised Lower August

The housing data today is downright miserable. Sales plunged a whopping 5.5% from a dramatically revised lower August.

New Home Sales Bounce 7% in June from Hugely Negative Revisions

New home sales rose 7% but the total fell far short of expectations because of revisions.

Existing Home Sales Down 4.9%, Resume Slide After February Surge

Following a revised lower surge in February, Existing home sales flopped in March.