New Single-Family Home Sales Up 10.7% in May

The U.S. Government is reporting that sales of new single-family houses in May, 2022 were at a seasonally adjusted annual rate of 696k, which is 10.7% higher than April’s revised rate and is 5.9% lower than one year ago. The median sales price of new houses sold in September was $449k with an average sales price of $511,400. There were an estimated 444k new houses for sale at the end of March representing a 7.7-month supply at the current sales rate. Continue reading HERE...