New Home Sales Decline 6.2 Percent, Pressure on Builders to Lower Prices

Sales are mostly stable in a broad range, but inventories are rising and consumer sentiment souring.

The Census DepartmentNew Residential Salesreport for April 2026 shows a 6.2 percent decline in sales.

TRUTH LIVES on athttps://sgtreport.tv/

For Sale Inventory and Months’ Supply

The margin of error in these monthly reports is huge, ±16.3 percent on supply and ±12.8 percent on sales.

The Commerce Department does not have a lot of confidence in the numbers, nor should anyone else.

It’s better to focus on long-term trends, and that’s why my charts do.

From 2010 until 2019 (first set of arrows), people were buying homes faster than builders were accumulating unsold spec homes.

That was followed by a massive post-Covid spike in sales (no arrows) with a drop in unsold spec homes.

Since May of 2023 (second set of arrows) builders have had no traction. Sales are generally down, and inventory of unsold homes is generally rising.

Source: SGT Report