On Tuesday, April 23, data from the US Department of Commerce showed thatNew home sales in the US increased 4.5% month-on-month after the March seasonal adjustmentThat was a better than expected decline of 2.7%; the previous value rose sharply to 5.9% from a 4.9% month-on-month increase in February.

The US sold 692,000 new homes in March, the highest since November 2017.It is also close to the high level of the “post-financial crisis” era, and has risen for the third month in a row, higher than the forecast of 649,000 households. The pre-February value declined slightly from 667,000 households to 662,000 households, which is still close to the highest since 2018/3. This means that lower interest rates on home mortgages are beginning to benefit the US housing market in the spring.