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.