Sales of new single‐family houses in May 2022 were at a seasonally adjusted annual rate of 696,000, according to estimates released jointly today by the US Census Bureau and the Department of Housing and Urban Development.
This is 10.7 percent (±18.9 percent) above the revised April rate of 629,000, but is 5.9 percent (±22.0 percent) below the May 2021 estimate of 740,000.
The median sales price of new houses sold in May 2022 was $449,000. The average sales price was $511,400.
The seasonally‐adjusted estimate of new houses for sale at the end of May was 444,000. This represents a supply of 7.7 months at the current sales rate.