US May new home sales
- Prior was 673K (revised to 679K)
- Sales -7.8% m/m vs +1.6% exp
- Prior was -3.7%
- Median price $308K vs $335.1K prior
This is a five-month low for new home sales and the second consecutive month of declines. This drop was all about the 'west' region where sales fell to 125K from 195K.
