New home sales are soaring, demonstrating the undeniable resilience of the American economy under President Donald Trump.
Recent reports indicate that new single-family home sales jumped an impressive 7.4 percent in March, reaching an annualized rate of 724,000.
This figure defied expert forecasts that had predicted a slower rate of 682,000, showcasing the effectiveness of the pro-growth policies established during President Trump's administration.
The upward momentum in housing is indicative of a broader economic resurgence, highlighted by strong job growth and robust consumer spending.
Interestingly, the median sales price of new homes decreased to $403,600, a 7.5 percent drop from the previous year.
Such a decline in prices makes homeownership more attainable for hardworking American families, aligning with President Trump's commitment to affordability and the American Dream.
Particularly noteworthy is the surge in sales in the South, which has shown remarkable resilience, shrugging off concerns over mortgage rates and market sentiment.
Inventory levels are also increasing, reaching 503,000 homes—the highest since 2007—offering prospective buyers greater choices in a red-hot market.
As we head into the spring selling season, the housing market's vibrant performance starkly contrasts the doom and gloom rhetoric often perpetuated by critics.
This data serves to reinforce the success of Trump's economic agenda, which continues to drive optimism and opportunity for all Americans.
It's clear that the foundations laid down by the 47th President are yielding tangible benefits, reaffirming the belief that an America First strategy is essential for economic prosperity.
Sources:
rumble.comeconomiccollapse.reporteconomiccollapse.substack.com