New Home Sales Down 5.9% from April

The U.S. Government is reporting that sales of new single-family houses in May, 2021 were at a seasonally adjusted annual rate of 769k, which is 5.9% lower than April’s revised rate and is 9.2% higher than one year ago. The median sales price of new houses sold in May was $374,400 with an average sales price of $430,600. There were an estimated 330k new houses for sale at the end of May representing a 5.1-month supply at the current sales rate. Continue reading HERE...