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New home sales slump in April as buyers balk at higher mortgage rates

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Los Angeles Times
May 28, 2026
Mortgage RatesSource: GNews

Sales of new homes declined in April by more than forecast as builder incentives failed to motivate potential buyers at the start of the spring selling season.

Sales of new homes declined in April by more than forecast as builder incentives failed to motivate potential buyers at the start of the spring selling season....

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Originally published by Los Angeles Times

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