Sales of new single-family homes in the Northeast in May were up 36.7 percent to a seasonally adjusted rate of 41,000, according to the U.S. Commerce Department. April’s revised annual rate was 30,000.
Nationally, new home sales were at a seasonally adjusted rate of 369,000 for May. This is 7.6 percent above the revised April rate of 343,000 and is 19.8 percent above the May 2011 total of 308,000.
To read the entire U.S. Commerce Department press release, click here