Some Housing Data

• Through first three weeks of May, mortgage applications for new purchases are down 36% from April (also here)
• In April, time to sell a newly built home increased to 14.3 months from 10.8 months, YOY
• And, the median price of a newly build home sank 9..7% to $198,400, the lowest in seven years

---Rosenberg, 5/27.