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New Home Sales | Real Estate |
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The S&P/Case-Shiller Home Price Indices are the leading measures for the US residential housing market, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions. Read More...
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 4. New Home Sales (1 of 10) 1. Housing Starts (2 of 10) 2. Building Permits (3 of 10) 3. Case Shiller Index (4 of 10) 5. Existing Home Sales (5 of 10) 6. Pending Home Sales (6 of 10) 7. Housing Market Index (7 of 10) 8. FHFA House Price Index (8 of 10) 9. MBA Purchase Applications (9 of 10) 10. Mortgae Rates 30-Year (10 of 10)
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Big Chart | Large Data |
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New Home Sales | Real Estate |
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Today's Week |
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Release Schedule | 2026 |
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New Home Sales | Real Estate |
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Today's Week |
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New Home Sales (At 10:00 a.m ET)
| SCHEDULE 2026 |
No 1 |
No 2 |
No 3 |
No 4 |
No 5 |
No 6 |
No 7 |
No 8 |
No 9 |
No 10 |
No 11 |
No 12 |
| Release | Week |
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| Release | Date |
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| Release | Day |
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| Prior |
758 K |
745 K |
587 K |
... |
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| Prior Revised |
... |
712 K |
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| CONSENSUS |
728 K |
728 K |
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| Consensus Low |
690 K |
710 K |
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| Consensus High |
755 K |
800 K |
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| NEW HOME M/M |
745 K |
587 K |
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| Rating |
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| Month For |
Dec-25 |
Jan-26 |
Feb-26 |
Mar-26 |
Apr-26 |
May-26 |
Jun-26 |
Jul-26 |
Aug-26 |
Sep-26 |
Oct-26 |
Nov-26 |
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Release Schedule | 2025 |
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New Home Sales | Real Estate |
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Today's Week |
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New Home Sales (At 10:00 a.m ET)
| SCHEDULE 2025 |
No 1 |
No 2 |
No 3 |
No 4 |
No 5 |
No 6 |
No 7 |
No 8 |
No 9 |
No 10 |
No 11 |
No 12 |
| Release | Week |
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| Release | Day |
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| Prior |
664 K |
698 K |
657 K |
676 K |
724 K |
743 K |
623 K |
627 K |
652 K |
800 K |
738 K |
737 K |
| Prior Revised |
674 K |
734 K |
664 K |
674 K |
670 K |
722 K |
... |
656 K |
664 K |
711 K |
... |
656 K |
| CONSENSUS |
672 K |
680 K |
679 K |
682 K |
700 K |
694 K |
650 K |
628 K |
649 K |
710 K |
714 K |
735 K |
| Consensus Low |
640 K |
630 K |
650 K |
650 K |
690 K |
650 K |
630 K |
615 K |
625 K |
650 K |
665 K |
710 K |
| Consensus High |
700 K |
705 K |
700 K |
700 K |
724 K |
722 K |
690 K |
650 K |
680 K |
725 K |
740 K |
755 K |
| NEW HOME M/M |
698 K |
657 K |
676 K |
724 K |
743 K |
623 K |
627 K |
652 K |
800 K |
738 K |
737 K |
758 K |
| Rating |
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| Month For |
Dec-24 |
Jan-25 |
Feb-25 |
Mar-25 |
Apr-25 |
May-25 |
Jun-25 |
Jul-25 |
Aug-25 |
Sep-25 |
Oct-25 |
Nov-25 |
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Release Schedule | 2024 |
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New Home Sales | Real Estate |
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Today's Week |
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New Home Sales (At 10:00 a.m ET)
| SCHEDULE 2024 |
No 1 |
No 2 |
No 3 |
No 4 |
No 5 |
No 6 |
No 7 |
No 8 |
No 9 |
No 10 |
No 11 |
No 12 |
| Release | Week |
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| Release | Date |
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| Release | Day |
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| Prior |
590 K |
664 K |
661 K |
662 K |
693 K |
634 K |
619 K |
617 K |
739 K |
716 K |
738 K |
610 K |
| Prior Revised |
615 K |
651 K |
664 K |
637 K |
665 K |
698 K |
621 K |
668 K |
751 K |
709 K |
... |
627 K |
| CONSENSUS |
650 K |
685 K |
675 K |
670 K |
675 K |
650 K |
640 K |
628 K |
700 K |
718 K |
725 K |
664 K |
| Consensus Low |
606 K |
657 K |
664 K |
625 K |
650 K |
622 K |
618 K |
605 K |
650 K |
700 K |
710 K |
613 K |
| Consensus High |
700 K |
715 K |
700 K |
685 K |
693 K |
666 K |
659 K |
648 K |
744 K |
735 K |
750 K |
740 K |
| NEW HOME M/M |
664 K |
661 K |
662 K |
693 K |
634 K |
619 K |
617 K |
739 K |
716 K |
738 K |
610 K |
664 K |
| Rating |
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| Month For |
Dec-23 |
Jan-24 |
Feb-24 |
Mar-24 |
Apr-24 |
May-24 |
Jun-24 |
Jul-24 |
Aug-24 |
Sep-24 |
Oct-24 |
Nov-24 |
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Release Schedule | 2023 |
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New Home Sales | Real Estate |
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Today's Week |
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New Home Sales (At 10:00 a.m ET)
| SCHEDULE 2023 |
No 1 |
No 2 |
No 3 |
No 4 |
No 5 |
No 6 |
No 7 |
No 8 |
No 9 |
No 10 |
No 11 |
No 12 |
| Release | Week |
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| Release | Date |
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| Release | Day |
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| Prior |
640 K |
616 K |
670 K |
640 K |
683 K |
683 K |
763 K |
697 K |
714 K |
675 K |
759 K |
679 K |
| Prior Revised |
602 K |
625 K |
633 K |
623 K |
656 K |
680 K |
715 K |
684 K |
739 K |
676 K |
719 K |
672 K |
| CONSENSUS |
614 K |
617 K |
645 K |
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| Consensus Low |
589 K |
610 K |
630 K |
620 K |
650 K |
650 K |
690 K |
686 K |
675 K |
635 K |
650 K |
685 K |
| Consensus High |
640 K |
625 K |
660 K |
660 K |
696 K |
703 K |
772 K |
730 K |
720 K |
701 K |
750 K |
710 K |
| NEW HOME M/M |
616 K |
670 K |
640 K |
683 K |
683 K |
763 K |
697 K |
714 K |
675 K |
759 K |
679 K |
590 K |
| Rating |
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| Month For |
Dec 22 |
Jan-23 |
Feb-23 |
Mar-23 |
Apr-23 |
May-23 |
Jun-23 |
Jul-23 |
Aug-23 |
Sep-23 |
Oct-23 |
Nov-23 |
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Release Schedule | 2022 |
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New Home Sales | Real Estate |
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Today's Week |
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New Home Sales (At 10:00 a.m ET)
| SCHEDULE 2022 |
No 1 |
No 2 |
No 3 |
No 4 |
No 5 |
No 6 |
No 7 |
No 8 |
No 9 |
No 10 |
No 11 |
No 12 |
| Release | Week |
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| Release | Day |
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| Prior |
744 K |
811 K |
801 K |
772 K |
763 K |
591 K |
696 K |
590 K |
511 K |
685 K |
603 K |
632 K |
| Prior Revised |
725 K |
839 K |
788 K |
835 K |
709 K |
629 K |
642 K |
585 K |
532 K |
677 K |
588 K |
605 K |
| CONSENSUS |
760 K |
804 K |
810 K |
772 K |
750 K |
587 K |
664 K |
575 K |
498 K |
585 K |
575 K |
600 K |
| Consensus Low |
710 K |
716 K |
775 K |
757 K |
700 K |
570 K |
620 K |
540 K |
400 K |
475 K |
540 K |
550 K |
| Consensus High |
800 K |
850 K |
827 K |
800 K |
780 K |
703 K |
680 K |
610 K |
522 K |
640 K |
625 K |
632 K |
| NEW HOME M/M |
811 K |
801 K |
772 K |
763 K |
591 K |
696 K |
590 K |
511 K |
685 K |
603 K |
632 K |
640 K |
| Rating |
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| Month For |
Dec 21 |
Jan-22 |
Feb-22 |
Mar-22 |
Apr-22 |
May-22 |
Jun-22 |
Jul-22 |
Aug-22 |
Sep-22 |
Oct-22 |
Nov-22 |
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Release Schedule | 2021 |
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New Home Sales | Real Estate |
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Today's Week |
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New Home Sales (At 10:00 a.m ET)
| SCHEDULE 2021 |
No 1 |
No 2 |
No 3 |
No 4 |
No 5 |
No 6 |
No 7 |
No 8 |
No 9 |
No 10 |
No 11 |
No 12 |
| Release | Week |
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| Release | Date |
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| Release | Day |
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| Prior |
841 K |
842 K |
923 K |
775 K |
1021 K |
863 K |
769 K |
676 K |
708 K |
740 K |
800 K |
745 K |
| Prior Revised |
829 K |
885 K |
885 K |
886 K |
917 K |
817 K |
724 K |
701 K |
729 K |
702 K |
742 K |
662 K |
| CONSENSUS |
870 K |
855 K |
875 K |
888 K |
955 K |
868 K |
800 K |
700 K |
708 K |
760 K |
790 K |
770 K |
| Consensus Low |
820 K |
809 K |
825 K |
831 K |
915 K |
830 K |
763 K |
670 K |
670 K |
710 K |
735 K |
740 K |
| Consensus High |
900 K |
905 K |
970 K |
890 K |
1040 K |
920 K |
814 K |
719 K |
735 K |
815 K |
820 K |
785 K |
| NEW HOME M/M |
842 K |
923 K |
775 K |
1021 K |
863 K |
769 K |
676 K |
708 K |
740 K |
800 K |
745 K |
744 K |
| Rating |
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| Month For |
Dec 20 |
Jan-21 |
Feb-21 |
Mar-21 |
Apr-21 |
May-21 |
Jun-21 |
Jul-21 |
Aug-21 |
Sep-21 |
Oct-21 |
Nov-21 |
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Legends: |
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Positive View |
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Negative View |
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Neutral View |
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Non Available |
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New Home Sales (At 10:00 a.m ET)
| DATE/WEEK |
HIGHLIGHTS |
FOR |
Y/Y |
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New Home Sales |
No 12 |
... |
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Nov-2025 |
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New Home Sales |
No 11 |
... |
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Oct-2025 |
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New Home Sales |
No 10 |
... |
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Sep-2025 |
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New Home Sales |
No 9 |
... |
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Aug-2025 |
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New Home Sales |
No 8 |
... |
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Jul-2025 |
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New Home Sales |
No 7 |
... |
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Jun-2025 |
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New Home Sales |
No 6 |
... |
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May-2025 |
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New Home Sales |
No 5 |
... |
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Apr-2025 |
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New Home Sales |
No 4 |
... |
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Mar-2025 |
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New Home Sales |
No 3 |
... |
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Feb-2025 |
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New Home Sales |
No 2 |
... |
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Jan-2025 |
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New Home Sales |
No 1 |
... |
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Dec-2024 |
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New Home Sales (At 10:00 a.m ET)
| DATE/WEEK |
HIGHLIGHTS |
FOR |
Y/Y |
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New Home Sales |
No 12 |
... |
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Nov-2025 |
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New Home Sales |
No 11 |
... |
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Oct-2025 |
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New Home Sales |
No 10 |
... |
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Sep-2025 |
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Sales of new U.S. single-family homes surged to the highest level in more than 3-1/2 years in August, but that likely exaggerates the housing market's health, and a weakening labor market could limit the boost from falling mortgage rates. New home sales jump 20.5% in August to 800 K; July sales pace revised up. The bigger-than-expected increase in sales last month reported by the Commerce Department on Wednesday was shrugged off by economists, who noted that new housing data was extremely volatile and subject to revisions. They also said the jump in sales was at odds with subdued homebuilder sentiment. |
No 9 |
800 K |
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Aug-2025 |
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In July 2025, new single-family home sales in the U.S. were at a seasonally adjusted annual rate of 652,000 units, a 0.6% decrease from June 2025 but 8.2% below the July 2024 level. The median sales price of new homes was $403,800, down 5.9% from the previous year, and the supply of homes for sale was 499,000 units, representing a 9.2-month supply. |
No 8 |
652 K |
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Jul-2025 |
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In June 2025, sales of new single-family homes in the U.S. were at a seasonally-adjusted annual rate of 627,000, a slight 0.6% increase from May but still 6.6% lower than June 2024. Inventory increased to a 9.8-month supply, the highest since late 2007, while the median sales price fell to $401,800. This combination of slightly increased sales, rising inventory, and falling prices indicates a market transition with growing buyer leverage, largely due to sustained affordability challenges from high mortgage rates and economic uncertainty. |
No 7 |
627 K |
|
Jun-2025 |
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US new home sales in May 2025 saw a significant decrease, plunging 13.7% from April to a seasonally adjusted annual rate of 623,000 units, marking the sharpest decline in three years. This drop was primarily driven by elevated mortgage rates and economic uncertainty, impacting buyer sentiment and leading to a 21% sales decrease in the South, the largest regional decline. |
No 6 |
623 K |
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May-2025 |
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US new home sales in April 2025 reached a seasonally-adjusted annual rate of 743,000 units, a 10.9% increase from March 2025 and a 3.3% increase compared to April 2024. The median sales price for new homes in April 2025 was $407,200, and the average sales price was $518,400. Inventory of new homes for sale at the end of April 2025 was 504,000 units, representing a supply of 8.1 months at the current sales rate. |
No 5 |
743 K |
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Apr-2025 |
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US new home sales in March 2025 increased to a seasonally adjusted annual rate of 724,000 units, a 7.4% rise from February 2025 and 6.0% higher than March 2024, driven by a decline in mortgage rates and more available new home inventory. Despite economic uncertainties and falling consumer confidence, the lower mortgage rates compared to the previous year helped to maintain momentum in the housing market |
No 4 |
724 K |
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Mar-2025 |
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In February 2025, new single-family home sales in the US reached a seasonally adjusted annual rate of 676,000, a 1.8% increase from January and a 5.1% increase compared to February 2024. This rebound in sales followed a weather-related dip in January and was driven by increased activity in the more affordable South and Midwest regions. |
No 3 |
676 K |
|
Feb-2025 |
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In January 2025, sales of new single-family homes in the US fell to a seasonally adjusted annual rate of 657,000, a 10.5% decrease from December 2024 and a 1.1% decrease compared to January 2024, according to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This decline occurred despite a rebound in December 2024 and was influenced by factors such as elevated mortgage rates and increasing median home prices, which reached $446,300 in January 2025. |
No 2 |
657 K |
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Jan-2025 |
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In December 2024, U.S. new home sales reached a seasonally adjusted annual rate of 698,000, a 3.6% increase from November and a 6.7% increase compared to December 2023. For the full year 2024, an estimated 683,000 new homes were sold, marking a 2.5% increase over 2023. The median sales price of new homes in December 2024 was $427,000, and the average sales price was $513,600. The seasonally adjusted estimate of new houses for sale at the end of December was 494,000, representing an 8.5-month supply at the current sales rate. |
No 1 |
698 K |
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Dec-2024 |
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New Home Sales (At 10:00 a.m ET)
| DATE/WEEK |
HIGHLIGHTS |
FOR |
Y/Y |
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The Commerce Department said new home sales surged by 5.9 percent to an annual rate of 664,000 in November after plunging by 14.8 percent to a revised rate of 627,000 in October. Economists had expected new home sales to spike by 6.6 percent to an annual rate of 650,000 compared to the rate of 610,000 originally reported for the previous month. U.S. New Home Sales Show Significant Rebound In November 2024. Sales of new U.S. single-family homes rebounded in November after being depressed by hurricanes in the prior month, but rising mortgage rates could hamper sales next year. |
No 12 |
664 K |
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Nov-2024 |
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In October 2024, new single-family home sales in the US declined to a seasonally adjusted annual rate of 610,000 units, a significant drop of 17.3% from September and 9.4% lower than October 2023. This represented the slowest pace of new home sales since November 2022. The median sales price of new homes sold in October 2024 was $437,300, an increase of 4.7% from the previous year, and the average sales price was $545,800. The inventory of new homes for sale at the end of October was 481,000 units, translating to a 9.5-month supply at the current sales rate, up from 7.7 months in September. |
No 11 |
610 K |
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Oct-2024 |
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In September 2024, US new home sales rose by 4.1% to a seasonally adjusted annual rate of 738,000, marking the highest level in nearly 1.5 years and a 6.3% increase compared to September 2023, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. This surge was likely influenced by falling mortgage rates during the month, which increased buyer purchasing power and offset challenges in the existing home market. The median sales price of new homes was $426,300, with an average sales price of $501,000, while the supply of new houses for sale was 7.6 months. |
No 10 |
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Sep-2024 |
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Sales of new single‐family houses came in at a seasonally adjusted annual rate of 716,000 in August 2024, data from the United States Census Bureau and the Department of Housing and Urban Development showed on Wednesday. Month on month, the figure tumbled 4.7%. On an annual level, however, the reading jumped 9.8%. In August, the median sales price of new houses sold amounted to $420,600, while the average sales price came in at $492,700. The seasonally-adjusted estimate of new houses for sale at the end of June stood at 467,000, translating to a 7.8-month supply at the current rate of sales. |
No 9 |
716 K |
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Aug-2024 |
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US new home sales rise to highest level in more than a year. Sales of new U.S. single-family homes rose to their highest level in more than a year in July as a drop in mortgage rates boosted demand, offering more evidence that the housing market is recovering. New home sales jumped 10.6% to a seasonally adjusted annual rate of 739,000 units last month, the highest level since May 2023, the Commerce Department's Census Bureau said on Friday. It was also the sharpest increase in sales since August 2022. The sales pace for June was revised higher to 668,000 units from a previously reported 617,000 units. Economists polled by Reuters had forecast new home sales, which account for more than 10% of U.S. home sales, to edge up to a rate of 625,000 units. |
No 8 |
739 K |
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Jul-2024 |
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Sales of new U.S. single-family homes fell to a seven-month low in June as higher mortgage rates and prices weighed on demand, further evidence that the housing market recovery faltered in the second quarter. New home sales slipped 0.6% to a seasonally adjusted annual rate of 617,000 units last month, the lowest level since November, the Commerce Department's Census Bureau said on Wednesday. The sales pace for May was revised up to 621,000 units from a previously reported 619,000 units. Economists polled by Reuters had forecast new home sales, which account for more than 10% of U.S. home sales, rising to a rate of 640,000 units. New home sales are counted at the signing of a contract. They, however, can be volatile on a month-to-month basis. Sales slumped 7.4% on a year-on-year basis in June. |
No 7 |
617 K |
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Jun-2024 |
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Sales of new U.S. single-family homes dropped to a six-month low in May as a jump in mortgage rates weighed on demand, offering more evidence that the housing market recovery was faltering. But the sting from the largest decline in sales in more than 1-1/2 years, reported by the Commerce Department on Wednesday, was softened by a sharp upward revision to data for April, which now shows sales rising instead of falling as previously estimated. Supply was the highest in more than 16 years. The housing market has been the sector hardest hit by the Federal Reserve's aggressive interest rate hikes since March 2022. It had, however, pulled out of the slump starting in the third quarter of last year as an acute shortage of previously owned homes boosted demand for new construction. New home sales declined 11.3% to a seasonally adjusted annual rate of 619,000 units last month, the lowest level since November, the Commerce Department's Census Bureau said. The percentage-based drop was the biggest since September 2022. |
No 6 |
619 K |
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May-2024 |
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Sales of new U.S. single-family homes fell more than expected in April amid a resurgence in mortgage rates and higher prices, further evidence that the housing market was losing momentum in the second quarter. New home sales dropped 4.7% to a seasonally adjusted annual rate of 634,000 units last month, the Commerce Department's Census Bureau said on Thursday. The sales pace for March was revised lower to 665,000 units from the previously reported 693,000 units.Economists polled by Reuters had forecast new home sales, which account for more than 10% of U.S. home sales, would fall to a rate of 679,000 units. Sales plunged 20.9% in the Northeast and 7.3% in the West. They fell 4.8% in the densely populated South but increased 10.0% in the Midwest. |
No 5 |
634 K |
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Apr-2024 |
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Sales of new U.S. single-family homes rebounded in March from February's downwardly revised level, drawing support from a persistent shortage of previously owned houses on the market, but momentum could be curbed by a resurgence in mortgage rates. The report from the Commerce Department on Tuesday also showed the median house price jumped to a seven month-high from February, likely as fewer builders offered price cuts and sales shifted to higher priced homes. Rising prices and mortgage rates could make housing even more unaffordable, especially for first-time buyers. New home sales jumped 8.8% to a seasonally adjusted annual rate of 693,000 units last month, the highest level since September, the Commerce Department's Census Bureau said. The sales pace for February was revised down to 637,000 units from the previously reported 662,000 units. |
No 4 |
693 K |
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Mar-2024 |
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Sales of new U.S. single-family homes unexpectedly fell in February after mortgage rates increased during the month, but the underlying trend remained strong amid a chronic shortage of previously owned houses on the market. The report from the Commerce Department on Monday also showed the median new house price last month was the lowest in more than 2-1/2 years, while supply was the highest since November 2022. Builders are ramping up construction, while offering price cuts and other incentives as well as reducing floor size to make housing more affordable. New home sales slipped 0.3% to a seasonally adjusted annual rate of 662,000 units last month, the Commerce Department's Census Bureau said. The sales pace for January was revised up to 664,000 units from the previously reported 661,000 units. |
No 3 |
662 K |
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Feb-2024 |
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US new home sales rise less than expected in January. Sales of new U.S. single-family homes rose less than expected in January amid a sharp decline in the South region, but demand for new construction remains underpinned by a persistent shortage of previously owned homes. New home sales increased 1.5% to a seasonally adjusted annual rate of 661,000 units last month, the Commerce Department's Census Bureau said on Monday. The sales pace for December was revised lower to 651,000 units from the previously reported 664,000 units. |
No 2 |
661 K |
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JAn-2024 |
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Sales of new U.S. single-family homes increased strongly in December, boosted by declining mortgage rates and a persistent shortage of previously owned houses on the market. New home sales rebounded 8.0% to a seasonally adjusted annual rate of 664,000 units last month, the Commerce Department’s Census Bureau said on Thursday. November’s sales pace was revised higher to 615,000 units from the previously reported 590,000 units. Economists polled by Reuters had forecast new home sales, which account for about 15% of U.S. home sales, rising to a rate of 645,000 units. New home sales are counted at the signing of a contract, making them a leading indicator of the housing market. |
No 1 |
664 K |
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Dec-2023 |
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New Home Sales (At 10:00 a.m ET)
| DATE/WEEK |
HIGHLIGHTS |
FOR |
ACTUAL |
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U.S. New-Homes Sales Plunge in November By Aarthi Swaminathan. The numbers: Sales of newly built homes in the U.S. plunged in November as elevated mortgage rates took their toll on home buyers. U.S. new-home sales fell 12.2% to an annual rate of 590,000 in November, from a revised 672,000 in the prior month, the Commerce Department reported Friday. The number is seasonally adjusted and refers to how many homes would be built over an entire year if builders continued at the same pace every month. The pace fell significantly short of expectations on Wall Street. Economists had forecast new-home sales to total 688,000 in November. New-home sales are at the lowest level since November 2022. The rate of new-home sales was dragged down by sharp drops in the South and the West. The data from October was revised. New-home sales fell a revised 4% in October, compared with the initial estimate of a 5.6% drop. |
No 12 |
590 K |
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Nov-2023 |
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Sales of new U.S. homes fell more than expected in October as a spike in mortgage rates weighed heavily on consumer demand. New single-family home purchases plummeted 5.6% to a seasonally adjusted annual rate of 679,000 units, the Commerce Department reported Monday. Economists surveyed by Refinitiv expected new home sales — which account for a small percentage of total sales — to come in at a rate of 723,000 units. Sales remain up about 17.7% from the same time one year ago. |
No 11 |
679 K |
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Oct-2023 |
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New home sales in the United States surged higher in September from the month before, even as mortgage rates remained over 7%, making financing a home costlier and pushing people out of the market.Sales of newly constructed homes jumped 12.3% in September to a seasonally adjusted annual rate of 759,000, from a revised rate of 676,000 in August, according to a joint report from the US Department of Housing and Urban Development and the Census Bureau. Sales were up 33.9% from a year ago. This represents the fastest pace of sales since February 2022 and easily exceeds analysts’ expectations of a sales pace of 680,000. |
No 10 |
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Sep-2023 |
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US New Home Sales Fell, Weaker Than Expected. US home sales aren’t as weak as last year but they’re still losing steam. The seasonally adjusted annual rate (SAAR) of new homes fell 8.7% to hit 675,000 sales in August. Despite an upward revision of July home sales helping to soften the August drop, sales were weaker than expected. “New home sales were weaker than expected in August, although sales for July were revised higher,” explains Nancy Vanden Houten, Lead US Economist at Oxford Economics. The weakness in sales is spreading to prices, despite elevated input costs. The median sale price fell 1.4% to $430,300 in August, representing a 2.2% drop from last year. New home prices are now 13.7% below the all time high reached in October. Considering a correction is a decline of at least 10%, it’s safe to say that new home prices are firmly in correction territory. New home sales in August fell short of expectations |
No 9 |
675 K |
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Aug-2023 |
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Real Estate Market is Frozen, But New Home Sales are Booming. New home sales are up almost a third compared to last year, even as sales for existing homes remain in the doldrums. Newly-built homes are selling cheaper than they did last year too, whereas existing home prices are breaking records. New homes are more in demand because so few existing homes are for sale, homebuilders say. Surging mortgage rates have put the market for existing homes into a state of deadlock, where homeowners have grown reluctant to sell and abandon the low rates they secured over the last few years. Sales of new homes rose 4.4% in July from June, making for a 31.5% increase on the year, the Census Bureau said Wednesday. If sales continued that pace for the entire year, 714,000 houses would sell, the fastest seasonally-adjusted annual rate since February 2022. The median new home sold for $436,700, an uptick from $416,700 in June, but significantly down from the $478,200 price in July 2022. |
No 8 |
714 K |
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Jul-2023 |
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New home sales fall 2.5% in June; up 23.8% year-on-year. Median new house price drops 4.0% year-on-year. Sales of new U.S. single-family homes fell in June after three straight monthly increases, but the trend remained strong as an acute shortage of previously owned homes underpins demand. New home sales dropped 2.5% to a seasonally adjusted annual rate of 697,000 units last month, the Commerce Department said on Wednesday. May's sales pace was revised lower to 715,000 units from the previously reported 763,000 units. May's sales pace was the highest since February 2022. |
No 7 |
697 K |
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Jun-2023 |
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Sales of new U.S. single-family homes surged to the highest level in nearly 1-1/2 years in May, benefiting from a dearth of previously owned homes available for sale. New home sales jumped 12.2% to a seasonally adjusted annual rate of 763,000 units last month, the highest level since February 2022, the Commerce Department said on Tuesday. April's home sales pace was revised down to 680,000 units from the previously reported 683,000. Economists polled by Reuters had forecast new home sales, which account for a small share of U.S. home sales, slipping to a rate of 675,000 units. |
No 6 |
763 K |
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May-2023 |
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Single-family homes sales increase 4.1% in April. Median new house price falls 8.2% year-on-year. Business activity rises to 13-month high in May. Sales of new U.S. single-family homes jumped to a 13-month high in April, boosted by a persistent shortage of previously owned houses on the market and a sharp decline in prices from last year's lofty levels. The report from the Commerce Department on Tuesday followed on the heels of data last week showing a surge in permits for future single-family housing construction. With confidence among homebuilders rising to a 10-month high in May, there are no signs yet that a recent tightening in credit conditions are weighing on the housing market, the sector hardest hit by the Federal Reserve's fastest interest rate hiking cycle since the 1980s.New home sales increased 4.1% to a seasonally adjusted annual rate of 683,000 units last month, the highest level since March 2022. March's sales pace was revised lower to 656,000 units from the previously reported 683,000. |
No 5 |
683 K |
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Apr-2023 |
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Sales of new U.S. single-family homes jumped to a one-year high in March, likely as a retreat in mortgage rates boosted demand. New home sales surged 9.6% to a seasonally adjusted annual rate of 683,000 units last month, the highest level since March 2022, the Commerce Department said on Tuesday. February's sales pace was revised lower to 623,000 units from the previously reported 640,000. New home sales are counted at the signing of a contract, making them a leading indicator of the housing market. They, however, can be volatile on a month-to-month basis. Buyers have been taking advantage of any dip in mortgage rates to purchase homes. The average rate on the popular 30-year mortgage, which hit a peak of 7.03% in late 2022, was mostly lower in March, according to data from mortgage finance agency Freddie Mac. Economists polled by Reuters had forecast new home sales, which account for a small share of U.S. home sales, would fall to a rate of 630,000 units. |
No 4 |
683 K |
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Mar-2023 |
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Sales of new U.S. single-family homes increased to a six-month high in February, the latest indication that the housing market could be close to finding a floor after being hammered by higher mortgage rates. New home sales rose 1.1% to a seasonally adjusted annual rate of 640,000 units last month, the highest level since August, the Commerce Department said on Thursday. January's sales pace was revised lower to 622,000 units from the previously reported 670,000. New home sales are counted at the signing of a contract, making them a leading indicator of the housing market. They have now increased for three straight months. Economists polled by Reuters had forecast new home sales, which account for a small share of U.S. home sales, falling to a rate of 650,000 units. The surprise increase came despite mortgage rates rising from early February through early March after mostly dropping since November, according to data from mortgage finance agency Freddie Mac. |
No 3 |
640 K |
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Feb-2023 |
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Sales of new single‐family houses in January 2023 were at a seasonally adjusted annual rate of 670,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.2 percent (±20.4 percent)* above the revised December rate of 625,000, but is 19.4 percent (±13.1 percent) below the January 2022 estimate of 831,000. The median sales price of new houses sold in January 2023 was $427,500. The average sales price was $474,400. |
No 2 |
670 K |
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Jan-2023 |
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Sales of new U.S. single-family homes increased for a third straight month in December as mortgage rates continued to decline, offering hope that the struggling housing market was starting to stabilize. New home sales increased 2.3% to a seasonally adjusted annual rate of 616,000 units last month, the Commerce Department said on Thursday. November's sales pace was revised lower to 602,000 units from the previously reported 640,000. Sales rose in the Midwest and South, which are generally considered affordable regions. They fell in the Northeast and West. Economists polled by Reuters had forecast new home sales, which account for a small share of U.S. home sales, falling to a rate of 617,000 units. Sales dropped 26.6% year on year in December. They decreased 16.4% in 2022. U.S. New Home Sales Decline Over 19% Year-Over-Year During January 2023 |
No 1 |
616 K |
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Dec-2022 |
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New Home Sales
| DATE/WEEK |
HIGHLIGHTS |
FOR |
ACTUAL |
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New home sales in U.S. increase again in November 2022. New home sales increased 5.8% to a seasonally adjusted annual rate of 640,000 units last month, the Commerce Department said on Friday. Sales of new U.S. single-family homes rose for a second straight month in November likely as Americans took advantage of a retreat in mortgage rates and incentives from desperate builders, but the overall housing market remains depressed. New home sales increased 5.8% to a seasonally adjusted annual rate of 640,000 units last month, the Commerce Department said on Friday. October's sales pace was revised lower to 605,000 units from the previously reported 632,000. Economists polled by Reuters had forecast new home sales, which account for a small share of U.S. home sales, slipping to a rate of 600,000 units in November. Sales fell 15.3% year on year. |
No 12 |
640 K |
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Nov-2022 |
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Sales of new U.S. single-family homes unexpectedly jumped in October, shrugging off rising mortgage rates and house prices, which have drastically eroded affordability. New home sales rebounded 7.5% to a seasonally adjusted annual rate of 632,000 units last month, the Commerce Department said on Wednesday. September's sales pace was revised down to 588,000 units from the previously reported 603,000 units. Sales surged 45.7% in the Northeast and accelerated 16.0% in the densely populated South. But they tumbled 34.2% in the Midwest and fell 0.8% in the West. Economists polled by Reuters had forecast new home sales, which account for about 10% of U.S. home sales, would decline to a rate of 570,000 units in October. New home sales are volatile on a month-to-month basis. Sales dropped 5.8% on a year-on-year basis in October. |
No 11 |
632 K |
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Oct-2022 |
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New Home Sales Tumble 10.9% in September. The new homes market continued to be hurt by rising mortgage rates and affordability issues in September, as sales dropped 10.9%, the Census Bureau and Department of Housing and Urban Development reported on Wednesday. The median price of a new home, meanwhile, rose to $470,600. New homes sales in September were at an annual rate of 603,000, down from August’s revised 677,000. That is 17.6% below the level a year ago. |
No 10 |
603 K |
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Sep-2022 |
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New home sales bounced back in August despite high prices and rising mortgage rates that have pushed some buyers away. Sales of newly constructed homes jumped 28.8% in August from July and were down just 0.1% from a year ago, according to a joint report from the US Department of Housing and Urban Development and the US Census Bureau. This comes after two consecutive months of declines. Some 685,000 new homes were sold last month, at a seasonally adjusted annualized rate, up from a revised 532,000 in July. A year ago, 686,000 newly constructed homes were sold. Meanwhile, the median price for a new home fell slightly to $436,800, down from $439,400 the previous month. New home sales had been trending lower as prospective buyers saw their budgets stretched thin by long construction times, mounting costs and rising mortgage rates. The average interest rate for a 30-year, fixed-rate mortgage dipped to just below 5% in August, up from 3.22% in January. “New homes blew through estimates for August, but it’s likely an aberration caused by a dip in mortgage rates earlier in the summer,” said Robert Frick, corporate economist at Navy Federal Credit Union. With the 30-year-fixed mortgage rate now pushing toward 7%, he said, the market should expect September sales to fall back to trend. With the 30-year fixed mortgage rate now at levels last seen during the Great Recession, the rebound in new home sales is likely temporary. |
No 9 |
685 K |
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Aug-2022 |
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New home sales fall 12.6% in July as rising prices take a toll. New home sales plunged in July as high prices and mortgage rates pushed buyers to think twice about closing the deal. Sales of newly constructed homes fell by 12.6% in July from June and were down 29.6% from a year ago, according to a joint report from the US Department of Housing and Urban Development and the US Census Bureau. It was the second consecutive month of declines. Only 511,000 new homes were sold last month, at a seasonally adjusted annualized rate, down from a revised 585,000 in June. That's the lowest sales number since January 2016. A year ago, 726,000 newly constructed homes were sold. Meanwhile, the median price for a new construction home rose to $439,400, up from $402,400 the previous month. |
No 8 |
511 K |
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Jul-2022 |
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Sales of new single-family homes fell 8.1% in June from May. Sales of new homes posted a seasonally adjusted annual of 590,000 nationwide in June, down 8.1% from May and down 17.4% from June 2021, according to the U.S. Census Bureau. The median sales price of new houses sold in June was $402,400. The supply of new homes for sale at the end of June was up for the fifth consecutive month. Sales of new single‐family houses fell significantly in June, as rising mortgage rates and declining builder confidence continued to take a toll on the housing market. According to the monthly report released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development, sales of new homes fell to a seasonally adjusted annual rate of 590,000, down 8.1% from the revised May rate of 642,000. The rate also is 17.4% below the June 2021 estimate of 714,000. |
No 7 |
590 K |
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Jun-2022 |
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New home sales unexpectedly jump in May 2022; April reading revised up.May New Home Sales: +10.7% M/M to 696K vs. 588K expected and 629K prior (revised from 591K). New home sales gained 5.9% from May 2021. The median sales price of new houses sold in May was $449K vs. $450.6K in April. The average sales price was $511.4K in May, down from $570.3K in the previous month. The seasonally adjusted estimate of new houses for sale at the end of May was 444K, representing 7.7 months' supply at the current sales rate. |
No 6 |
696 K |
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May-2022 |
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Sales of newly built homes tumbled over 16% in April 2022 while prices soared. Sales of newly built homes sank to the slowest rate since the start of the pandemic. The median price of a new home sold in April was $450,600, an increase of nearly 20% from the year before. Slower sales caused the inventory of newly built homes to jump sharply as well to a 9-month supply. A 6-month supply is generally considered balanced between buyer and seller. Sales of newly built homes dropped 16.6% in April from March, far more than expected, and were down 26.9% from April 2021, according to the U.S. Census. The annualized rate came in at 591,000 units, seasonally adjusted. Analysts had been expecting 750,000. March’s read was also revised lower. That is the slowest sales pace since April 2020, when everything shut down at the start of the pandemic. Sales surged quickly after that, as Americans sought bigger homes with outdoor spaces for quarantining. |
No 5 |
591 K |
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Apr-2022 |
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Sales of New U.S. Homes Drop to Lowest in Four Months. Purchases of new single-family homes decreased 8.6% to a 763,000 annual. Purchases of new single-family homes decreased 8.6% to a 763,000 annualized pace, government data showed Tuesday. The median estimate in a Bloomberg survey of economists called for a 768,000 rate. Mortgage rates have sharply escalated as the Federal Reserve signals aggressive steps to combat decades-high inflation. The steep ascent in borrowing costs, combined with high home prices across markets, is sidelining more prospective buyers. The figures follow a separate report last week showing sales of previously owned U.S. homes fell in March 2022 to the lowest level since June 2020 amid mounting affordability concerns. |
No 4 |
763 K |
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Mar-2022 |
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Sales of new U.S. single-family homes unexpectedly fell in February 2022 amid rising mortgage rates and higher house prices, which are reducing affordability for some first-time buyers. New home sales decreased 2% to a seasonally adjusted annual rate of 772,000 units last month, declining for a second straight month, the Commerce Department said on Wednesday. January's sales pace was revised down to 788,000 units from the previously reported 801,000 units. Economists polled by Reuters had forecast new home sales, which account for more than 10% of U.S. home sales, would rebound to a rate of 810,000 units. |
No 3 |
772 K |
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Feb-2022 |
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Weather and pandemic blamed for U.S. new-home-sales slump in January 2022 U.S. New-Home Sales Decline for First Time in Three Months. Sales of new U.S. homes retreated in January 2021 after a flurry of purchases at the end of 2021, indicating a jump in mortgage rates may be starting to restrain demand. Purchases of new single-family homes decreased 4.5% to a 801,000 annualized pace following a revised 839,000 in December, government data showed Thursday. The median estimate in a Bloomberg survey of economists called for an 803,000 rate. While underlying demand for new homes remains solid, fueled in part by record low inventory in the resale market, the highest mortgage rates since mid-2019 represent a headwind. |
No 2 |
801 K |
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Jan-2022 |
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Dec. New Home Sales Up 11.9% Month-to-Month. Buyers worried about rising interest rates and home prices pushed new-home sales to a 10-month high in December 2021. Sales of new single family homes in December rose to their highest level in 10 months as buyers took advantage of lower prices in anticipation of higher interest rates. The increase put the seasonally adjusted annual sales pace to 811,000 for the month, according to the Commerce Department, an 11.9% increase over November’s figure, which was revised down to 725,000 from 744,000. |
No 1 |
811 K |
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Dec-2021 |
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New Home Sales (At 10:00 a.m ET)
| DATE/WEEK |
HIGHLIGHTS |
FOR |
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November 2021 new home sales rose 12.4% from downwardly revised October data, to 744,000 (SAAR), according to the U.S. Census Bureau. Sales were down 14% from November 2020. The median sales price of new houses sold in November 2021 was $416,900. There were an estimated 402,000 new homes available for sale nationwide in November (seasonally adjusted), a supply of 6.5 months at the current sales rate. |
No 12 |
744 K |
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Nov-2021 |
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New home sales saw little change in October 2021, up just 0.4% from the revised September figure as monthly gains in the Midwest (+11.0%) and South (+0.2%) offset declines in the Northeast (-11.8%) and West (-1.1%). New home sales fell 23.1% short of the level of activity seen one year ago in October, but remained at an elevated pace of 745,000 as an ongoing shift in preferences drives homebuyers to the suburbs where new home communities are more plentiful and the availability of existing homes for sale is still limited. |
No 11 |
745 K |
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Oct-2021 |
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Sales of new U.S. single-family homes surged to a six-month high in September 2021, but higher house price are making homeownership less affordable for some first-time buyers. New home sales jumped 14.0% to a seasonally adjusted annual rate of 800,000 units last month, the highest level since March, the Commerce Department said on Tuesday. August’s sales pace was revised down to 702,000 units from the previously reported 740,000 units. Sales increased in the populous South, as well as in the West and Northeast. |
No 10 |
800 K |
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Sep-2021 |
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U.S. new home sales beat expectations; supply near 13-year high. Sales of new U.S. single-family homes increased for a second straight month in August 2021, but demand for housing has probably peaked after a COVID-19 pandemic-fueled buying frenzy. The report from the Commerce Department on Friday also showed the supply of new homes on the market last month was the largest in nearly 13 years, with prices unchanged on a monthly basis. It followed on the heels of news on Wednesday that sales of previously owned homes fell in August. New home sales rose 1.5% to a seasonally adjusted annual rate of 740,000 units last month. July's sales pace was revised up to 729,000 units from the previously reported 708,000 units. |
No 9 |
740 K |
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Aug-2021 |
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New home sales rose last month as increasing supplies gave buyers more choices. Sales of new single-family homes ticked up 1% in July 2021 to a seasonally adjusted annual rate of 708,000, according to the U.S. Census Bureau and Department of Housing and Urban Development. Still, the rate was 27.2% below the July 2020 estimate of 972,000. Analysts surveyed by Refinitiv were expecting 700,000 new homes sold. The June reading was revised higher by 25,000 to 701,000. New home sales, which account for about 10% of the housing market, had previously fallen for every month in 2021 as buyers had grappled with a shortage of inventory and record-high prices. |
No 8 |
708 K |
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Jul-2021 |
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U.S. new home sales fall sharply in June 2021. Sales of new U.S. single-family homes tumbled in June and sales in the prior month were weaker than initially estimated. The data suggests the housing market was losing momentum amid soaring prices that are being driven by an acute shortage of properties. New home sales dropped 6.6% to a seasonally adjusted annual rate of 676,000 units last month, the Commerce Department said. Sales of new U.S. single-family homes tumbled in June and sales in the prior month were weaker than initially estimated, suggesting the housing market was losing momentum amid soaring prices that are being driven by an acute shortage of properties. New home sales dropped 6.6% to a seasonally adjusted annual rate of 676,000 units last month, the Commerce Department said on Monday. May’s sales pace was revised down to 724,000 units from the previously reported 769,000 units. Economists polled by Reuters had forecast new home sales, which account for a small share of U.S. home sales, increasing 3% to a rate of 800,000 units in June. |
No 7 |
676 K |
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Jun-2021 |
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Sales of new U.S. single-family homes fell to a one-year low in May 2021 as the median price of newly built houses soared amid expensive raw materials, including framing lumber.The second straight monthly decline in sales reported by the Commerce Department on Wednesday was the latest indication that the tailwind from the COVID-19 pandemic could be subsiding. Single-family housing benefited from a migration from cities as millions of Americans sought more spacious accommodations for home offices and schooling during the pandemic. New home sales dropped 5.9% to a seasonally adjusted annual rate of 769,000 units last month, the lowest level since May 2020. April's sales pace was revised down to 817,000 units from the previously reported 863,000 units. The median new house price jumped 18.1% from a year earlier to $374,400 in May. Economists polled by Reuters had forecast new home sales, which account for 11.7% of U.S. home sales, would be at a rate of 870,000 units in May. New home sales are considered a leading housing market indicator as they are recorded when contracts are signed. The drop hinted at some easing in demand. Applications for loans to purchase homes have fallen this year and housing market surveys on potential buyers have also softened. |
No 6 |
769 K |
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May-2021 |
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New home sales slid 5.9% on a monthly basis in April 2021 to 863,000 units, the U.S. Census Bureau and the Department of Housing and Urban Development reported. Year over year, however, sales were up 48.3%. Sales were down in all regions except for the West, where they rose 7.9% to 164,000 homes. The South saw sales fall 8.2% to 545,000, while they were down 8.3% to 110,000 in the Midwest and down 13.7% in the Northeast. At the end of April, there were 316,000 new homes for sale, representing a 4.4-month supply of homes. The median sales price of new homes sold in April was $372,400, up from $334,200 in March and $310,100 a year ago. |
No 5 |
863 K |
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Apr-2021 |
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Today the Census Bureau reported that in March 2021, new home sales were at a seasonally adjusted annual rate of 1,021,000. This number beats estimates. Additionally, major positive revisions were made to the sales number of the previous months. I expect this month’s headline to be revised lower a tad next month, but even considering that, this report was the best new home sales report in over a decade. The headline number was solid, the revisions were all positive, and the monthly supply on a three-month average is below 4.3 months. New home sales get impacted much more than existing home sales by movements in mortgage rates. Mortgage rates from 4.75% to 5% created a supply spike in 2018. At that time, we worked from the weakest new home sales and housing starts recovery ever, and sales were not high, historically speaking. My forecast for the bond market was that it would fall in 2019, and if world growth slowed down, the 10-year yield would get below 2%. This would drive mortgage rates much lower than the 5% levels of 2018. |
No 4 |
1021 K |
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Mar-2021 |
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New home sales take a hit as builders grapple with big delays and bigger costs. Sales of newly built homes fell more than expected in February 2021, as builders faced higher costs and persistent delays. Taken together with rising mortgage rates during the month, affordability for buyers took a major hit. The numbers of homes sold and for sale before even being built have surged over the past year. The headline sales numbers were disappointing, with an 18% monthly drop to the slowest pace since last May, according to the U.S. Census. But some of the technical numbers are more telling of where builders expect their business to go. The Commerce Department said on Wednesday that new home sales plunged 18.2% to a seasonally adjusted annual rate of 775,000 units last month. January's sales pace was revised up to 948,000 units from the previously reported 923,000 units. Economists polled by Reuters had forecast new home sales, which account for a small share of U.S. home sales, tumbling 6.5% to a rate of 875,000 units in February. New home sales are drawn from a sample of houses selected from building permits. |
No 3 |
775 K |
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Feb-2021 |
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New Home Sales increase to 923,000 Annual Rate in January 2021. Sales of new single-family houses in January 2021 were at a seasonally adjusted annual rate of 923,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.3 percent above the revised December rate of 885,000 and is 19.3 percent above the January 2020 estimate of 774,000.Sales of new homes began 2021 right where they left off in 2020, near their highest levels in more than a decade and widely exceeding already optimistic expectations. As an added bonus, already strong numbers from prior months were revised upward, further adding to the afterglow of what was an extraordinary 2020 — which saw the most new home sales since 2006. The factors that drove this rally – low mortgage rates, limited supply of available existing homes for sale and wave of young adults eager to enter the market – remain in place to begin 2021. . |
No 2 |
923 K |
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Jan-2021 |
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New home sales jumped less than expected in December 2020, but recovered from November decline.
New home sales increased only 1.6% in December from November, the Commerce Department reported on Thursday, missing consensus economists’ expectations for a 3.5% jump. Still, this marked the first month-over-month rise in new home sales since July, and represented a rebound from November, when new home sales slid 12.6%.
The increase brought new home sales to a seasonally adjusted annual rate of 842,000 in December 2020, moderating compared to the massive 979,000 rate seen in July. US December new home sales 842K vs 870K expected. Prior was 841K (revised to 829K). Sales still up 17.2% y/y. Sales +1.6% m/m. New home supply at 4.3 months vs 4.2 months prior. Prices +8.0% y/y to $355,900. |
No 1 |
842 K |
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Dec-2020 |
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Definitions | Explain |
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New Home Sales | Real Estate |
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Today's Week |
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| NEW HOME SALES |
Construction of single-family homes - the lion's share of the market.
While home building now accounts for only about 2.5% of gross domestic product, it remains a major force in the economy. Economists estimate that for every one house built, about 2.5 jobs are created.
The inventory of homes for sale and the median price. The inventory of homes for sale at the current sales pace is the inventory/sales ratio of the housing sector.
For example, a 5.0 figure for inventory/sales indicates that the supply of homes for sale would be depleted within five months at the current sales pace. The lower this figure goes, the greater the need for new housing starts. The year/year change in the median price provides a good indication of inflation in home price. |
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| DATA INFORMATION |
NEW HOME SALES |
| SOURCE |
U.S. Department of Housing & Urban Development. |
| WEB |
www.hud.gov |
| FREQUENCY |
Monthly |
| AVAILABILITY |
Usually during the third week of the month. |
| COVERAGE |
Data are for the previous month. Data for June are released in July. |
| REVISIONS |
Yes |
| IMPORTANCE |
Real Estate - Low Importance |
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