June 25, 2018

May 2018 New Home Sales: Progress Continues

Filed under: Economy,Taxes & Government — Tom @ 2:08 pm

From the Census Bureau (eventual permanent link):

New Home Sales

Sales of new single-family houses in May 2018 were at a seasonally adjusted annual rate of 689,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.7 percent (±14.1 percent)* above the revised April rate of 646,000 and is 14.1 percent (±19.9 percent)* above the May 2017 estimate of 604,000.

April was adjusted down substantially by about 2.5 percent from its original 662,000. Nevertheless, the Trump-era trends remain strong. Year-to-date actual sales through May are up 9 percent over the first five months of 2017. Total sales in 2017 were also 9 percent above 2016.

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