New Home Sales Decline 13.7% in May
posted 6 days ago
“We should have gone with the condo.”
Sales of new single-family homes fell by 13.7% in May compared to April, totaling 623,000 units on a seasonally-adjusted basis. This figure is also 6.3% lower than in May 2024, attributed to high prices, elevated mortgage rates, and reduced consumer confidence.
Source:
May new home sales tank, pushing supply up to 3-year high
(cnbc.com)