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Economic Data (USA)

Thursday, June 23, 2016

New Home Sales for May 2016

The May 2016 New Home Sales report was released by the Commerce Department this morning:

Predicted: 565,000
Actual New Home Sales: 551,000

Change from One Month Ago: -6.0%
Change from One Year Ago: +8.7%


Median Price for a New Home during May: $290,400

Average Price for a New Home during May: $358,900

Click here for historical prices and a chart.


Cost of A Newly Built Home - May 2016
Cost of A Newly Built Home - May 2016


Compiled jointly by the U.S. Commerce Department and the U.S. Department of Housing and Urban Development, the monthly New Home Sales report measures the number of newly-built homes with committed buyers during the indicated month.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

The New Home Sales report is watched by economists and investors because it offers insight into the state of the U.S. housing market, and also provides data that can be used to predict sales of large household furniture and appliances like refrigerators, air conditioners, microwave ovens, etc.

Click here to view the full Commerce Department report (PDF).

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