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United States New Home Sales

Last Release
Apr 30, 2024
Actual
634
Units In
Thousand units
Previous
665
Frequency
Monthly
Next Release
N/A
Time to Release
N/A
Highest
Lowest
Average
Date Range
Source
1,389
Jul 2005
270
Feb 2011
655.82 Thousand units1963-2024U.S. Census Bureau
A sale of the new house occurs with the signing of a sales contract or the acceptance of a deposit. The house can be in any stage of construction: not yet started, under construction, or already completed. New home sales account for about 10 percent of the US housing market. New single-family home sales are extremely volatile month-to-month and preliminary figures are subject to large revisions because they are mostly drawn from building permits data.

Latest Updates

Sales of new single-family houses in the United States declined 4.7% month-over-month to a seasonally adjusted annualized rate of 634K in April 2024, as high prices and mortgage rates weighed on buyers' affordability. Figures came well below forecasts of 680K, with March data revised down to 665K. Sales sank in the Northeast (-20.9% to 34K), the West (-7.3% to 153K) and the South (-4.8% to 359K), but rose 10% to 88K in the Midwest. The median price of new houses sold in the period was $433,500, while the average sales price was $505,700, both above $417,200 and $500,900 respectively a year earlier. Meanwhile, there were 480K new homes listed for sale during the period, representing about 9.1 months of supply at the latest sales rate.

United States New Home Sales History

Last 12 readings

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