Sales of newly built homes tank in April, as prices and interest rates rise
Publishing timestamp: 2024-05-23 11:59:01
Summary
Sales of newly built homes dropped in April due to rising prices and interest rates. Builders are unable to lower prices due to high costs, leading to affordability challenges. Analysts discussed Alphabet and Chinese electric vehicle maker. Inflation eased in April, with consumer prices still rising. Berkshire Hathaway's stock portfolio is focused on just five stocks. Goldman Sachs has stocks with further upside of 50% or more.
Sentiment: MIXED
Tickers: GOOGL, DHI, TOL, BRK.A,
Keywords: business news, dr horton inc, real estate, housing, mortgages, toll brothers inc,
Source: https://www.cnbc.com/2024/05/23/newly-built-home-sales-april.html