New Home Sales Jan. 2000 to May 2012

The chart above shows the thirteen-year trend in new home sales through the end of April 2012. Last week the census bureau and HUD released new home sales with figures that surprised economists to the up-side. Here is the government press release:

“Sales of new single-family houses in May 2012 were at a seasonally adjusted annual rate of 369,000, according to
estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 7.6 percent (±12.2%)* above the revised April rate of 343,000 and is 19.8 percent (±15.2%) above the May 2011
estimate of 308,000.

“The median sales price of new houses sold in May 2012 was $234,500; the average sales price was $273,900. The
seasonally adjusted estimate of new houses for sale at the end of May was 145,000. This represents a supply of 4.7
months at the current sales rate.”

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