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New Home Sales Up

May 2017 New Residential Home Sales, Up 2.9%




May 2017 Monthly New Residential SalesJune 23, 2017 – The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for May 2017:

NEW RESIDENTIAL SALES MAY 2017:

New Houses Sold: 610,000
New Houses For Sale: 268,000
Median Sales Price: $345,800

New Home Sales
Sales of new single-family houses in May 2017 were at a seasonally adjusted annual rate of 610,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. 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.

Sales Price
The median sales price of new houses sold in May 2017 was $345,800. The average sales price was $406,400.

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.

Existing Home Sales Down

Existing-Home Sales Held Down in April




Stubbornly low supply levels held down existing-home sales in April and also pushed the median number of days a home was on the market to a new low of […] Continue Reading…

New Home Sales Down

New Home Sales Down in April




The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for April 2017.

New Home Sales

Sales of new […] Continue Reading…

New Home Sales Up

New Home Sales Up in February




The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for February 2017.
New Home Sales Sales of new […] Continue Reading…

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National Home Prices Continue to Rise




Data released for December 2016 S&P CoreLogic Case-Shiller Indices shows that home prices continued their rise across the country over the last 12 months.
The S&P CoreLogic Case-Shiller U.S. […] Continue Reading…