Compared to the same period last year, new home sales were down 6.2 percent, but it was nevertheless a marked improvement over March’s 15.4 percent drop.

The US national homeownership rate has seen its longest quarterly streak without a decline in over 10 years.

Younger Americans and those renting exhibit less confidence in the housing market than older current homeowners.

The effect of the mid-2014 slump in oil prices won't be felt in housing markets until late 2015 or in 2016.