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May 2022's new home sales in the United States were stronger than expected.
Political Calculations' initial estimate of the market cap for new homes sold in the U.S. during May 2022 is $32.73 billion, an increase of 3.1% from April 2022's revised estimate of $31.75 billion.
The National Association of Home Builders estimates new home sales contribute 3% to 5% of the nation's Gross Domestic Product.