New Home Sales Drop 7.3% in May

The U.S. Government is reporting that sales of new single-family houses in May, 2026 were at a seasonally adjusted annual rate of 580k, which is 7.3% lower than April’s revised rate and is 6.8% lower than one year ago.  The median sales price of new houses sold in May was $424,900 with an average sales price of $540,600.  There were an estimated 496k new houses for sale at the end of May representing an 10.3-month supply at the current sales rate.

Click here to read the full report at the U.S. Census Bureau.