"Sales of new single-family houses in May 2017 were at a seasonally adjusted annual rate of 610,000," announced the U.S. Census Bureau and the Department of Housing and
Urban Development.
Key quotes:
- This is 2.9 percent above the revised April rate of 593,000 and is 8.9 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
- 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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