Sales of new single‐family houses in May 2019 were at a seasonally adjusted annual rate of 626,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.8 percent (±14.7 percent)* below the revised April rate of 679,000 and is 3.7 percent (±15.0 percent)* below the May 2018 estimate of 650,000. The median sales price of new houses sold in May 2019 was $308,000. The average sales price was $377,200. For Sale Inventory and Months’ Supply The seasonally‐adjusted estimate of new houses for sale at the end of May was 333,000. This ... (full story)