By Clare Trapasso | realtor.com
The price of owning a brand-new home is falling. But although buyers are desperate for whatever homes they can afford, new-home sales were actually down in April, because there were fewer of them on the market—a number far short of meeting the demand by home buyers.
Prospective homeowners scooped up just 569,000 brand-new homes April—a 11.4% drop from the prior month, according to a joint report by the U.S. Census Bureau and U.S. Department of Housing and Urban Development. And compared with April 2016, sales were up only 0.5%.
