Joshua Cederlof

NMLS # 309804

801-272-0600

joshua@advancedfunding.com

Joshua Cederlof Mortgage Loan Advisor

Featured Chart - May New Home Sales Disappoint

Featured Chart - May New Home Sales Disappoint

May New Home Sales Disappoint

Sales of new homes fell by nearly 8% in May from April by to an annual rate of 626,000 units, below the 683,000 expected. From May 2018 to May 2019, sales declined 3.7%. Inventories are now just above normal rates of 6 months, currently at 6.4 months. The median price of a new home sold in May was $308,000, 2.7% lower than a year ago. New home sales declined in the Northeast and West with gains seen in the Midwest and South.
 

Buy a New Home
Inquire Now


Vantage Production, LLC is the copyright owner or licensee of the content and/or information in this post, unless otherwise indicated.