The People's Economist with Anthony Chan

The People's Economist with Anthony Chan

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The People's Economist with Anthony Chan
The People's Economist with Anthony Chan
Discounts vs. Rates: April's New Home Sales Surprise Explained

Discounts vs. Rates: April's New Home Sales Surprise Explained

Former JPMorgan Chase Global Chief Economist & Current Global Keynote Speaker

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Anthony Chan
May 23, 2025
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The People's Economist with Anthony Chan
The People's Economist with Anthony Chan
Discounts vs. Rates: April's New Home Sales Surprise Explained
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In a surprising development, U.S. new home sales rose unexpectedly by +10.9% in April 2025, defying widespread expectations of continued weakness. With mortgage rates hovering near multi-decade highs, most analysts had anticipated a sluggish housing market, particularly in the new construction segment. Instead, the Commerce Department reported a notable…

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