Keeping you up to date on the latest data releases.
- New Home Sales
New single-family home sales rose 7.6 percent in May to a seasonally-adjusted annualized rate of 369,000 units sold. On a year-over-year basis, new single-family home sales are up 19.8 percent. Regionally, sales were strongest in the Northeast and South, increasing 36.7 percent and 12.7 percent, respectively, while sales fell in the Midwest (10.6 percent) and West (3.5 percent). The median sales price fell for the second consecutive month, declining 0.6 percent to $234,500 while the average sales price fell even further, declining 3.5 percent $273,900. Finally, the number of new single-family homes for sale rose 0.7 percent to 145,000 units on a seasonally-adjusted basis, representing 4.7 months of supply at the current sales rate.