May New Home Sales Increase, Over 5 Months of Inventory Under Construction

New Home Sales Increase to 696,000 Annual Rate in May

The Census Bureau reports New Home Sales in May were at a seasonally adjusted annual rate (SAAR) of 696 thousand.

The previous three months were revised up, combined.

Sales of new single‐family houses in May 2022 were at a seasonally adjusted annual rate of 696,000, according to estimates released jointly today by the U.S. Census Bureau and the Department…