May New Home Sales Down 5.9% from April, but Up 9.2% YOY

Washington, DC, June 23, 2021-Sales of new single‐family houses in May 2021 were at a seasonally adjusted annual rate of 769,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 5.9% below the revised April rate of 817,000 but 9.2% above the May 2020 estimate of 704,000.

The median sales price of new houses sold in May 2021 was $374,400. The average sales price was $430,600.

The seasonally‐adjusted estimate of new houses for sale at the end of May was 330,000. This represents a supply of 5.1 months at the current sales rate.