United States New Home Sales

Sales of new single-family homes in the United States rose 0.6% in June 2025 to a seasonally adjusted annualized rate of 627,000 units, slightly up from May’s seven-month low of 623,000 but still well below market expectations of 650,000. The data indicate continued pressure on the housing market, as high mortgage rates and economic uncertainty have led many buyers to delay purchasing decisions. Regionally, new home sales increased in the South (up 5.1% to 390,000) and the Midwest (up 6.3% to 85,000), while declining sharply in the Northeast (down 27.6% to 21,000) and the West (down 8.4% to 131,000). The number of unsold homes on the market rose to 511,000, the highest since October 2007, up from 505,000 in May. At the current sales pace, it would take 9.8 months to sell all the new houses available, slightly longer than May’s 9.7 months. The median price for a new home fell 2.9% to $401,800 in June compared to a year ago.