New home sales in April jumped at the fastest pace since early 2023, countering persistent recession predictions from critics of the Trump administration. According to the U.S. Census Bureau and the Department of Housing and Urban Development, sales rose 10.9% from March to a seasonally adjusted annual rate of 743,000 units—up 3.3% from April 2024.
JPMorgan is dialing back its recession forecast following President Donald Trump’s temporary tariff rollback on Chinese imports. The bank now estimates the chance of a U.S. recession in 2025 has dropped below 50%, down from a 60% likelihood previously projected.
Commerce Secretary Howard Lutnick dismissed concerns of an impending U.S. recession during an appearance on NBC’s Meet the Press on Sunday, predicting strong economic growth instead.
