May 2018 US new home sales report 25 June 2018
- Prior 0.662m. Revised to 0.646m
- Median prices $313,000 vs $323,600 in May 2017. Apr $312,400
- Supply 5.2 months vs 5.4 months prior
A nice beat on salse. Prices drop vs a year ago but up on last month. No worries for the Fed there. We’ll have to see if rate hikes start biting into housing activity and one of the first places we’ll see that is in prices.