US new home sales fell in May, according to the Census Bureau, slipping to an annualised rate of 580,000.
Source: Sharecast
May's reading was 7.3% below April's 626,000 pace and 6.8% lower than a year earlier.
The number of new houses for sale rose to 496,000, up 2.3% on the month but 1.4% below May 2025. At the current sales rate, the market held 10.3 months of supply, compared with 9.3 months in April and 9.7 months a year earlier.
The median sales price of a new home increased to $424,900 in May, around 2% higher than April and broadly unchanged from May 2025, while the average price of homes sold during the month climbed to $540,600, up 7.8% on the month and 5% year-on-year.
Reporting by Iain Gilbert at Sharecast.com
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