A few Comments on May New Home Sales

New home sales for May were reported at 610,000 on a seasonally adjusted annual rate basis (SAAR). This was above the consensus forecast, and the three previous months combined were revised up. Overall this was a solid report. Sales were up 8.9% year-over-year in May. Earlier: New Home Sales increase to 610,000 Annual Rate in May . Click on graph for larger image. This graph shows new home sales for 2016 and 2017 by month (Seasonally Adjusted Annual Rate).  Sales were up 8.9% year-over-year in May. For the first five months of 2017, new......(read more)

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