Keeping you up to date on the latest data releases.
- New Home Sales
New single-family home sales rose 2.1 percent in May and 29.0 percent over the past 12 months to a seasonally-adjusted annualized rate of 466,000 units sold. Regionally, sales varied widely from a 9.0 percent decline in the South to a 40.7 percent increase in the Midwest. The median sales price of new homes was $263,900, which is a 3.2 percent decline for the month, but a 10.3 percent annual increase. The inventory of new homes for sale in May was 161,00, representing a 4.1 months’ supply at the current sales pace, which is a 12.8 percent decline since this time last year.