US new house sales rise 2.9 percent in May

Friday, 23 June 2017 20:20:27 (GMT+3)   |   San Diego
       

The US Census Bureau and the US Department of Housing and Urban Development jointly announced that sales of new single-family houses in May 2017 were at a seasonally adjusted annual rate of 610,000. This is 2.9 percent (±13.0 percent) above the revised April rate of 593,000 and is 8.9 percent (±21.9 percent) above the May 2016 estimate of 560,000.
 
The median sales price of new houses sold in May 2017 was $345,800.  The average sales price was $406,400. 
 
As for sale inventory and months’ supply, the seasonally-adjusted estimate of new houses for sale at the end of May was 268,000.  This represents a supply of 5.3 months at the current sales rate.

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