Sales surged 17.9 percent to 409 thousand in the South, the highest since July of 2007. In contrast, sales in the Midwest were flat at 87 thousand and declines were recorded in West (-8.7 percent to 157 thousand) and the Northeast (-10 percent to 36 thousand).
The median sales price of new houses sold was USD 313,000, below USD 323,600 in the same month of the previous year. The average sales price also fell to USD 368,500 in May from USD 378,400 a year ago.
The stock of new houses for sale went up 1 percent to 299 thousand. This represents a supply of 5.2 months at the current sales rate.
Year-on-year, new home sales surged 14.1 percent.