Sales of new homes in the US jumped in May, but…

 · Sales of new homes in the US jumped in May, but.. The National Association of Realtors found that sales for existing single-family homes, townhomes, condominiums and co-ops fell 0.4 percent in May to a seasonally adjusted annual rate of 5.43 million. The association attributed the decline to rising mortgage rates and prices.

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Mortgage rates are on the rise, but pending-home sales posted. pending home sales jumped 2.8 percent in June over May, marking two straight. fed, though, builders need to add new homes to the housing stock, Yun said.. rate information from the 10 largest banks and thrifts in 10 large U.S. markets.

But most of the gains were confined to one region. In its monthly report, the U.S. Census Bureau said new home sales occurred at a seasonally adjusted annual rate of 689,000. That’s up 6.7 percent from April and is 14 percent higher than May 2017. The median sales price of new houses sold in May was $313,000, the lowest since April 2017.

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This page provides national and regional data on the number of new single-family houses sold and for sale. It also provides national data on median and average prices, the number of houses sold and for sale by stage of construction, and other statistics. The data are from the Survey of Construction.

US new-home sales jump to highest level in more than 8 years In this Wednesday, May 18, 2016, photo, a “Sold” sign rests in front of a house under construction, in Walpole, Mass.

WASHINGTON (AP) – Sales of new US homes jumped 6.7 percent in May, with purchases in the South accounting for all of the monthly gains. The Commerce Department said Monday that new homes sold last month at a seasonally adjusted annual rate of 689,000, up from 646,000 in April.

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 · U.S. new home sales soar to highest level in a decade. Sales of new U.S. homes jumped last month to the highest level since October 2007, a sign that Americans are turning to new.

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