New Home Sales Jump 12.2% in May

The U.S. Government is reporting that sales of new single-family houses in May, 2023 were at a seasonally adjusted annual rate of 763k, which is 12.2% higher than April’s revised rate and is 20% higher than one year ago. The median sales price of new houses sold in May was $416,300 with an average sales price of $487,300. Continue reading HERE...