the numbers sales of newly built homes in the us surged in may amid a serious shortage of homes for sale in the resale market sales jumped for the third month in a row the strength in new home sales was nationwide but led by the northeast and the west us new home sales rose 122 to an annual rate of 763000 in may from a revised 680000 in the prior month the commerce department reported tuesday the number is seasonally adjusted and refers to how many homes would be built over an entire year if builders continue at the same pace every month the jump exceeded expectations on wall street economists had forecast new home sales to total 675000 in may the data from april was revised down to 680000 from an initial estimate of a 41 increase to 683000 the new home sales data are volatile monthonmonth and are often revised market reaction stocks djia spx were up in early trading on tuesday the yield on the 10year treasury note rose above 373 shares of builders including dr horton inc dhi  lennar corp len  pultegroup inc phm  and toll brothers inc tol were mixed up the morning trading session