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Expand chart
Data: U.S. Census Bureau; Chart: Will Chase/Axios

New home sales volumes came in lower than expected for April, at 863,000. That’s down 5.9% from the month before.

Why it matters: Economist's expectations were for around 950,000. But building has slowed as raw materials prices like lumber skyrocket, as Axios’ Hope King recently reported.

  • The gridlock pushed the median new-home sale price to $372,000, up 11.4% from March, and up an eye-popping 20% since April of last year.

Go deeper

Producer prices rose faster than expected in July

Data: BLS, FRED; Chart: Axios Visuals

Producer prices jumped by more than expected. Some economists think it could be the peak rate of increase. But the spread of the Delta variant poses a big uncertainty.

Why it matters: Producer prices reflect what businesses pay for the materials that go into the stuff they eventually sell to their customers. Higher producer prices put more pressure on businesses to pass those costs on through consumer price hikes.

Census reveals a more diverse, urbanized America

Illustration: Shoshana Gordon/Axios

The U.S. is more diverse, more urbanized and growing slower overall than in past decades, according to data from the 2020 census released on Thursday.

Why it matters: The decennial census provides a snapshot of the ever-changing demographics of the U.S. — and sets up the partisan fight over how states will redistribute electoral power for the next decade through redistricting.

CCP releases two jailed Canadians after Huawei CFO deal with DOJ

Photo: Sheldon Cooper/SOPA Images/LightRocket via Getty Images

Two Canadians imprisoned by the Chinese government for over 1,000 days have been released and are expected to arrive in Canada on Saturday, Prime Minister Justin Trudeau said Friday.

Why it matters: Their release comes hours after Huawei Technologies CFO Meng Wanzhou reached a deal with the U.S. Department of Justice that resolves the criminal charges against her and could pave the way for her to return to China.