New Home Sales Rose 14.1% YOY in May

Washington, DC, June 25, 2018-Sales of new single-family houses in May 2018 were at a seasonally adjusted annual rate of 689,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 6.7% above the revised April rate of 646,000 and is 14.1% above the May 2017 estimate of 604,000.

The median sales price of new houses sold in May 2018 was $313,000. The average sales price was $368,500.

The seasonally-adjusted estimate of new houses for sale at the end of May was 299,000. This represents a supply of 5.2 months at the current sales rate.

Related Topics:U.S. Census Bureau