U.S. Economic News

April 23, 2021

U.S. Economic Indicators

New home sales rose 20.7% in March to a seasonally adjusted annual pace of 1,021,000 and were up 66.8% above year-ago levels. The median sales price decreased to $330,800 and the inventory of new homes fell to 3.6 months at the current sales rate. Census Bureau Report

U.S. News

Bloomberg reports that the U.S. economy may be in for a period of stronger productivity growth after decades-long stagnation. Companies are poised to further increase efficiency, employees are returning to work, and President Biden is pushing for policies to ramp up investment in productivity-enhancing infrastructure. Bloomberg