Tag Archives: May

May new homes sales down 2.1% to 319,000 annualized pace

May new home sales were down 2.1% m/m to an annualized 319,000 from a revised 326,000 the month before (previously 323,000). While the report showed a drop in sales, it was much better than the decline to 310,000 that consensus had expected. The months’ supply of homes on the market fell to 6.2 from 6.3 […]

U.S. existing home sales remain weak in May despite low mortgage rates

U.S. sales of existing homes declined 3.8% in May to a seasonally adjusted annual rate (SAAR) of 4.81 million units, the National Association of Realtors reported on June 21. This decline follows a 1.8% decline in April, a 3.5% increase in March, and a significant decline of 8.9% in February. Existing home sales are currently […]

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