Once again down the rabbit hole:
No, we do not know what the monthly sales were for New Homes. The data point for sales of new one-family houses in May 2009 was 0.6%, but the margin of error was ±17.8%. That means the number is statistical noise.
And as expected, April’s data was revised downwards.
Year over year, sales fell 32.8% — a valid number relative to the error (±10.9%) below the May 2008 estimate of
The median sales price of new houses sold in May 2009 was $221,600; the average sales price was $274,300. The supply of new houses for sale was 10.2 months at the current sales rate.
New Home Sales, May 2009
NEW RESIDENTIAL SALES IN MAY 2009
U.S. Census Bureau and the Department of Housing and Urban Development.
JUNE 24, 2009