US new home sales down 7.8 percent in May

Tuesday, 25 June 2019 22:17:03 (GMT+3)   |   San Diego

Sales of new single‐family houses in the US in May 2019 were at a seasonally adjusted annual rate of 626,000, according to estimates released jointly today by the US Census Bureau and the Department of Housing and Urban Development.  This is 7.8 percent (±14.7 percent) below the revised April rate of 679,000 and is 3.7 percent (±15.0 percent) below the May 2018 estimate of 650,000. 

The median sales price of new houses sold in May 2019 was $308,000. The average sales price was $377,200.  

The seasonally‐adjusted estimate of new houses for sale at the end of May was 333,000. This represents a supply of 6.4 months at the current sales rate.

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