U.S new home sales rise 2.9 pct in May
Sales of new single-family houses in May 2017 were at a seasonally adjusted annual rate of 610,000, according to estimates released jointly by the Department of Housing and Urban Development and the U.S. Census Bureau. This is 2.9 percent (±13.0 percent) above the revised April rate of 593,000, and is 8.9 percent (±21.9 percent) above the May 2016 estimate of 560,000.
The median sales price of new houses sold in May 2017 was $345,800. The average sales price was $406,400.
The seasonally-adjusted estimate of new houses for sale at the end of May was 268,000. This represents a supply of 5.3 months at the current sales rate.
Seasonally adjusted estimates of housing units sold, housing units for sale, and the months’ supply of new housing for January 2015 through March 2017 have been revised.
New Residential Sales data for June 2017 will be released on Wednesday, July 26, 2017.
Source : HUD