New home sales rose slightly in April, defying expectations of a huge 22% drop

[cbdo2007]

15. There is a huge group of people thriving right now...

who weren't impacted by COVID and who all got a free check from the Govt they didn't need, so they are spending like crazy right now. Really seniors and urban areas have been hit the hardest. Most of the people laid off are retail workers, restaurant employees, etc, who may be more likely to be renters, while middle class professionals in the suburbs really have been spared and are doing ok.

I realize this is all anecdotal but I live in a suburb of Kansas City and have a pretty good grasp of our middle class neighborhood. We have had like 100 cases of COVID total, now most of us work from home so are saving money on commuting, got an extra $3-4000 per family, and the construction crews around here have been working non stop on roofs, painting, siding, patios, etc. I know of people who bought new cars, a couple of families who have bought bigger houses.

It's really weird to be in a lightly hit part of the country, and to not really see the impact others are seeing, but it definitely exists and I'm sure we aren't the only ones.