United States New Home Sales

Last Release

May 31, 2025

Actual

623

Units In

Thousand units

722

Frequency

Monthly

Next Release

Jul 24, 2025

Time to Release

27 Days 13 Hours

Highest	Lowest	Average	Date Range	Source
1,389 Jul 2005	270 Feb 2011	656.36 Thousand units	1963-2025	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 homes in the United States plunged by 13.7% from the previous month to a seasonally adjusted annualized rate of 623,000 units in May of 2025, erasing the downwardly revised 9.6% increase in April. The result was sharply below expectations that sales would be just under 700,000 units to reflect the sharpest decline since June of 2022, as higher mortgage rates and uncertain economic conditions drove households to wait before buying homes. New home sales sank in the South (-21% to 349,000), the West (-5.4% to 159,000), and the Midwest (-7.1% to 78,000. The median home price rose by 1.4% to 507,000, representing 9.8 months of supply at the latest sales pace.