US: Sales of new houses in May 2017 were at seasonally adjusted annual rate of 610K

"Sales of new single-family houses in May 2017 were at a seasonally adjusted annual rate of 610,000," announced the U.S. Census Bureau and the Department of Housing and
Urban Development.

Key quotes:

• This is 2.9 percent above the revised April rate of 593,000 and is 8.9 percent above the May 2016 estimate of 560,000
• The median sales price of new houses sold in May 2017 was $345,800. The average sales price was $406,400
• The seasonally-adjusted estimate of new houses for sale at the end of May was 268,000. This represents a supply of 5.3 months at the current sales rate