Wood Markets News

New Residential Home Sales Rebound in May 2022

The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced on Friday that new residential single-family home sales for May 2022 were at a seasonally adjusted annual rated (SAAR) of 696,000, according to estimates. This is 10.7% above the revised April rate of 629,000 but is -5.9% below May 2021.