US May new home sales 763K vs 675K expected

  • US May 2023 new home sales data
New home sales
  • Prior was 683K (revised to 680K)
  • Single family sales +12.2% vs +3.5% prior
  • Median sale price $416.3K vs $450.7K a year ago
  • Supply 6.7 months vs 7.6 months prior

The US housing market is looking plenty strong. The question now is whether builders will ramp up activity planned for 2024 or stay cautious.

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