Here are the main takeaways:--New home sales increased 4.1% in April compared with the previous month to a seasonally adjusted annual rate of 683,000. --Economists polled by The Wall Street Journal expected home sales to decrease 2% to a seasonally adjusted annual rate of 669,000. --Sales were 11.8% above the same month a year ago, when they stood at an adjusted annual rate of 611,000. This represents a supply of 7.6 months at the current sales rate. Write to Emon Reiser at emon.reiser@wsj.com(END) Dow Jones NewswiresMay 23, 2023 10:33 ET (14:33 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal May 23, 2023 14:37 UTC