New home sales unexpectedly fell in May; April's gain revised lower

New Home Sales
Sales of new single‐family houses in May 2021 were at a seasonally adjusted annual rate of 769,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 5.9 percent (±18.6 percent) below the revised April rate of 817,000, but is 9.2 percent (±28.7 percent) above the May 2020 estimate of 704,000.

Sales Price
The median sales price of new houses sold in May 2021 was $374,400. The average sales price was $430,600.

For Sale Inventory and Months’ Supply
The seasonally‐adjusted estimate of new houses for sale at the end of May was 330,000. This represents a supply of 5.1 months at the current sales rate.