New Home Sales increase to 763,000 Annual Rate in May
Median New Home Price is Down 16.2% from the Peak
The Census Bureau reports New Home Sales in May were at a seasonally adjusted annual rate (SAAR) of 763 thousand. The previous three months were revised down slightly, combined.
Sales of new single‐family houses in May 2023 were at a seasonally adjusted annual rate of 763,000, according to estimates released jointly today by the U.S. Census Bureau and t…