U.S. new-home sales hit second-highest level since recession

​​WASHINGTON – ​New-home sales rose 6.7 percent in May to a seasonally adjusted annual rate of 689,000 units after a downwardly revised April report, according to data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. 

This is the second-highest sales report since the Great Recession.

​​​​Last month, new-home inventory was 299,000—a 5.2-month supply. The median sales price was $313,000.

Regionally, new-home sales rose 17.9 percent in the South. ​

For Texas housing data, head to the Real Estate Center’s housing activity page. ​