April New Home Sales Fall to 2-Year Low

New home sales in April suffered double-digit percentage losses for the second consecutive month, falling to their lowest level since June 2020, HUD and the Census Bureau reported Tuesday.

Housing Market Roundup: May 20, 2022

Catching you up on housing and economic reports that came across the MBA NewsLink desk this week during and after the MBA National Secondary and Capital Markets Conference & Expo in New York:

Fannie Mae: Consumer Sentiment Toward Housing Falls to 2-Year Low

The Fannie Mae Home Purchase Sentiment Index fell by 4.7 points to 68.5 in April, its lowest level since May 2020, as surveyed consumers expressed heightened concerns about housing affordability and rising mortgage rates.