by Calculated Risk June 26, 2024, 10:56 AM
Today’s Calculated Risk Real Estate Newsletter: New home sales in May fell to 619,000 units from a year earlier
excerpt:
Census Bureau Reports New home sales in May Seasonally adjusted annual rate (SAAR) 619 thousandbut The past three months have been revised upwards significantly..
…The following chart shows new home sales by month (seasonally adjusted annualized rate) for 2023 and 2024. Sales in May 2024 were down 16.5% compared to May 2023.
This year-over-year decrease came after 13 consecutive months of year-over-year increases. Seasonally adjusted sales hit their highest annual high in May 2023, making comparisons difficult.
There’s a lot more in the article.
