Median price for new single family homes fell to $387,400 in April, dropping 6.2% y/y to its lowest level since July 2021. Rents have been rolling over for years too.

Buyers finally get a breather as the everything bubble in housing starts to leak air.

Meanwhile, the home price-to-income ratio is still very, very high. pic.twitter.com/kafzqXrATR

— 𝙨𝙤𝙧𝙩𝙤𝙫𝙖𝙠 (@sortovak) May 6, 2026

The Fed/BLS have a CPI Shelter measurement problem.

Rents have been rolling over for years too. pic.twitter.com/81bbHx7RsX

— remi (@remi427707) May 6, 2026

Median New Home Sale price unexpectedly plunges by $21.6K, the biggest drop since 2024, to $387.4K in March, the lowest since 2021
byu/RobertBartus inEconomyCharts