May U.S. Home Sales Down

U.S. sales of new single-family homes in May were at a seasonally adjusted annual rate of 619,000, decreasing 11.3% from April and 16.5% lower than the comparable month in 2023.

The seasonally adjusted estimate of new homes for sale through May was 481,000, indicating a 9.3-month supply at the existing sales rate. See U.S. Census Bureau

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