US existing home sales increase less than expected in April
Key takeaways
- US existing home sales increase less than expected in April Reuters Mon, May 11, 2026 at 9:05 PM GMT+7 3 min read WASHINGTON, May 11 (Reuters) - U.S.
- Home sales rose 0.2% last month to a seasonally adjusted annual rate of 4.02 million units, the National Association of Realtors said on Monday.
- Existing home sales are counted at the closing of a contract.
US existing home sales increase less than expected in April Reuters Mon, May 11, 2026 at 9:05 PM GMT+7 3 min read WASHINGTON, May 11 (Reuters) - U.S. existing home sales increased less than expected in April, and could struggle to gain altitude as mortgage rates remain elevated and rising inflation squeezes household budgets.
Home sales rose 0.2% last month to a seasonally adjusted annual rate of 4.02 million units, the National Association of Realtors said on Monday. Economists polled by Reuters had forecast home resales would rise to a rate of 4.05 million units.
"Despite mixed macroeconomic signals, including a record-high stock market and historically low consumer confidence, home sales were modestly boosted by the continued improvement in housing affordability," said Lawrence Yun, the NAR s chief economist.