New single family homes declined 2.5% across the country in May to 512,000 units compared to 525,000 units in April according to estimates released by the Bureau of Consumer Affairs and HUD.  This is 40.3 below the May estimate of 857,000.  The median price of new homes was $231,000 while the a average sales price was $311,300.  This represents a 10.9 month supply at the current sales rate.