Print
EmailMay new home sales beat estimates, top 2010 levels
Sales of new homes beat expectations for May, but are still at historically low levels, according to the U.S. Census Bureau.
May sales were at a seasonally adjusted annual rate of 319,000, 13.5 percent above May 2010's record low (following the expiration of the home buyer tax credit) and 2.6 percent above April's revised rate of 326,000.
The consensus economist forecast was 305,000.
The median home sales price was $222,600. There were an estimated 166,000 new homes for sale in May, a 6.2 month supply, down from a 6.3 month supply in April.
More like this
Comments on: "May new home sales beat estimates, top 2010 levels"
RELATED ARTICLES
Sustained KBI score reflects continued optimism heading into summer.
The American Architectural Manufacturers Association (AAMA) announced the release of an interim procedural guide that will provide a documented, optional process to extend...
Search Our Buyer's Guide
Reference Library
Professional Remodeler’s annual Market Leaders list, which identifies the top...
With demand for custom design, remodeling, and renovations at its highest level since 2005, ...
Normandy Remodeling converts confined kitchen into sprawling galley.
Each year, the National Kitchen and Bath Association surveys its members to identify the latest...
Each year, the National Kitchen and Bath Association surveys its members to identify the latest...
