New Residential Sales Rise 18.6 Percent in May
Rate for month exceeds May 2013 by 16.9 percent.
The new home market is shaking off its winter blues and stepping into the sun. Sales of new single-family houses in May 2014 were at a seasonally adjusted annual rate of 504,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 18.6 percent (±17.3%) above the revised April rate of 425,000 and is 16.9 percent (±19.6%)* above the May 2013 estimate of 431,000.
The median sales price of new houses sold in May 2014 was $282,000; the average sales price was $319,200.
The seasonally adjusted estimate of new houses for sale at the end of May was 189,000. This represents a supply of 4.5 months at the current sales rate.
Source: U.S. Census Bureau News
CONTRACTOR SUPPLY MAGAZINE
The April/May 2024 issue of Contractor Supply magazine is here!
This digital edition is sponsored by BECK AMERICA Inc.
Our cover story, Masters of Fasteners, visits Interstate Screw Corp. of metro Miami, which serves the fastening needs of south Florida, the Caribbean and Central and South America.
Also in this issue,our Industry Updates cover Adhesives, Tapes and Sealants, Anchoring Systems and Safety and PPE.
This digital edition is fully searchable and contains live links to every advertiser and new product listing. Click away!
