May US new home sales
- Prior was 662K (revised to 646K)
- Sales up 6.7% m/m
- Supply at 5.2 months vs 5.5 prior
- Single family +6.7%
- Sales price +3.3% y/y
- Northeast -10.0%, Midwest 0%, South +17.9%, West -8.7%
Housing has been in a bit of a rut this year but this is a nice bounce, even if those regional numbers are all over the place.
