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New Home Sales in May 2020 at annual rate of 676,000
New Home Sales
Sales of new single-family houses in May 2020 were at a seasonally adjusted annual rate of 676,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 16.6 percent (±15.5 percent) above the revised April rate of 580,000 and is 12.7 percent (±23.5 percent)* above the May 2019 estimate of 600,000.
The median sales price of new houses sold in May 2020 was $317,900. The average sales price was $368,800.
For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of May was 318,000. This represents a supply of 5.6 months at the current sales rate.
Posted: June 23, 2020 Tuesday 10:00 AM