FXstreet.com (Barcelona) Housing market in United States turn to fall in May with its new home sales decreasing in the month after the increases of April, according to latest data published by the US Census Bureau.
New home sales fell 2.5% in May to the annual rare of 512,000. Market expected a 2,7% decreases in May. April data was revised down to 525,000 homes of annual rate from 526,000 posted initially.
Year to year, new home sales has fallen 40,3% below the May 2007 annual rate of 857,000 homes.
New home sold median price was 231,000 in May, below of 243,500 of April median price. The average sales price was 311,300 in May, also below of 321,200 of April data