Sales of new homes in the US jumped in May, but…

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US new-home sales climbed 6.7 percent in May WASHINGTON (AP) – Sales of new U.S. homes jumped 6.7 percent in May, with purchases in the South accounting for all of the monthly gains.

WASHINGTON (AP) – Sales of new US homes jumped 6.7 percent in May, with purchases in the South accounting for all of the monthly gains. The Commerce Department said Monday that new homes sold last month at a seasonally adjusted annual rate of 689,000, up from 646,000 in April.

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New Home Sales Sales of new singlefamily houses in May 2019 were at a seasonally adjusted annual rate of 626,000, according to estimates released jointly today by the U.S. 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. Sales Price The median sales price of new houses sold in May 2019 was $308,000.

Americans bought new homes in October at the fastest pace in a decade – a 6.2 percent monthly increase that reflects both the underlying strength of the economy and the worsening shortage of existing homes for sale. The Commerce Department said Monday that new-home sales last month rose to a seasonally adjusted annual rate of 685,000.

New Home Sales Jump in May By Robert Dietz on June 24, 2014 (). New single-family home sales reached the highest pace in six years in May. According to estimates from the Census Bureau and the Department of Housing and Urban Development, new home sales were at a seasonally adjusted annual rate of 504,000 in May, a gain of 18.6% over a slightly downwardly revised April (425,000).

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Sales of new homes in the US jumped in May, but.. The National Association of Realtors found that sales for existing single-family homes, townhomes, condominiums and co-ops fell 0.4 percent in May to a seasonally adjusted annual rate of 5.43 million. The association attributed the decline to rising mortgage rates and prices.