Keeping you up to date on the latest data releases.
- New Home Single-Family Homes
Sales of new single-family homes fell 2.1 percent in May to a seasonally-adjusted annual rate of 319,000. May’s decline follows an upwardly revised increase of 6.5 percent in April. On a year-over-year basis, sales of new single-family homes were up 13.5 percent in May, representing the first year-over-year increase since April 2010. The South region was the only region where sales of new single-family homes improved, increasing 2.4 percent. Sales of new single-family homes were flat in the Midwest region whiles sales declined in the Northeast and West regions by 26.7 percent and 3.5 percent respectively. Despite the slowdown in new single-family home sales, the median sales price of new single-family homes improved 2.6 percent in May to $222,600. The number of new single-family homes for sale declined 2.3 percent 167,000 units, representing 5.6 months of supply at the current sales rate.