
May new home sales tank, pushing supply up to 3-year high newsthirst.
Houses undergo construction in a neighborhood on April 17, 2025 in Austin, Texas. Brandon Bell | Getty Images Sales of new single-family homes dropped 13.7% in May compared with April to 623,000 units on a seasonally adjusted, annualized basis, according to the U.S. Census. That sales total was 6.3% lower than May 2024 and well…