"New home sales plunge nearly 17% in April"
This is a GOOD thing.
In a time of inflation, less sales equate to less demand, which will result in downward pressure on prices, cooling down inflation.
I'd like to see homes everywhere lose about 50% of "market" value.
That would put them closer to what I'd consider their REAL value to be.
But then again, I'm a troglodyte, not an economist.