US New Home Sales, House Prices April and Softwood Lumber Prices May: 2021

Sales of new single-family houses in the US for April 2021 were at a seasonally adjusted annual rate of 863,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is down -6% from the revised March 2021 rate of 917,000 and again up an amazing +48% compared to the April 2020 rate, which was at a revised rate of 582,000. Unrelenting and extremely motivated demand accounts for this incredibly sharp rise.