United States New Home Sales

Last Release

Jun 30, 2024

Actual

617

Units In

Thousand units

621

Frequency

Monthly

Next Release

Aug 23, 2024

Time to Release

28 Days 13 Hours

Highest	Lowest	Average	Date Range	Source
1,389 Jul 2005	270 Feb 2011	655.81 Thousand units	1963-2024	U.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 fell 0.6% month-over-month to a seasonally adjusted annualized rate of 617K in June 2024, as high prices and mortgage rates continued to weigh on buyers' affordability. It is the lowest reading in seven months and well below forecasts of 640K, with May data revised higher to 621K. Sales dropped in the Northeast (-7.7% to 12K) and the Midwest (-6.9% to 81K), while rising in the South (+0.3% to 375K) and the West (+1.4% to 149K). The median price of new houses sold in the period was $417,300, while the average sales price was $487,200, lower than $417,600 and $507,800 a year earlier, respectively. Meanwhile, there were 476K new homes listed for sale during the period, representing about 9.3 months of supply at the latest sales rate.