US New Home Sales
It's a leading indicator of economic health because the sale of a new home triggers a wide-reaching ripple effect. For example, furniture and appliances are purchased for the home, a mortgage is sold by the financing bank, and brokers are paid to execute the transaction;
While this is monthly data, it's reported in an annualized format (monthly figure x12);
- US New Home Sales Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 26, 2024 | 619K | 636K | 698K |
May 23, 2024 | 634K | 677K | 665K |
Apr 23, 2024 | 693K | 668K | 637K |
Mar 25, 2024 | 662K | 675K | 664K |
Feb 26, 2024 | 661K | 680K | 651K |
Jan 25, 2024 | 664K | 648K | 615K |
Dec 22, 2023 | 590K | 689K | 672K |
Nov 27, 2023 | 679K | 724K | 719K |
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- US New Home Sales News
- From bnnbloomberg.ca|Jun 26, 2024
The inventory of new US homes stands at the highest since the bursting of the housing bubble more than a decade ago, raising the risk that builders will dial back production in a market longing for cheaper borrowing costs. The total number of one-family homes for sale rose to 481,000 in May, the highest since 2008, according to fresh government data released Wednesday. Nearly 100,000 of those have already been completed and are still awaiting a buyer, the most in more than 14 years. At the current sales rate, it would take 9.3 months ...
- From nahb.org|Jun 26, 2024
Mortgage rates that averaged 7.06% in May per Freddie Mac, the highest monthly average since last November, put a damper on new home sales last month. Sales of newly built, single-family homes in May fell 11.3% to a 619,000 seasonally adjusted annual rate from a sharp upwardly revised reading in April, according to newly released data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The pace of new home sales in May is down 16.5% from a year earlier and is the lowest pace since November 2023. ...
- From cnn.com|Jun 26, 2024
Sales of newly built homes dropped last month as mortgage rates remained elevated. New home sales, which make up only about 10% of the market, fell 11.3% in May from the prior month, to 619,000, according to government data released Wednesday. That was the steepest monthly decline since September 2022 and marks the lowest level since November. May’s level was below the 647,500 economists projected in a FactSet poll. Mortgage rates soared to the highest level of the year in early May and have since trended down. Borrowing costs are ...
- From census.gov|Jun 26, 2024
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for May 2024. Sales of new single‐family houses in May 2024 were at a seasonally adjusted annual rate of 619,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 11.3 percent (±15.5 percent)* below the revised April rate of 698,000 and is 16.5 percent (±16.2 percent) below the May 2023 estimate of 741,000. ...
- From census.gov|May 23, 2024
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for April 2024. Sales of new single‐family houses in April 2024 were at a seasonally adjusted annual rate of 634,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.7 percent (±12.0 percent)* below the revised March rate of 665,000 and is 7.7 percent (±13.2 percent)* below the April 2023 estimate of ...
- From econoday.com|May 17, 2024
The high points for economic data in the May 20 week should be the sales numbers for new and existing homes for April. Gauging the health of the housing market may be a bit tricky in reading these reports. Seasonal adjustment factors for this time of year anticipate a busier sales period as potential homebuyers shake off winter and start planning moves based on changing household needs. However, the housing market got a chill earlier this year when mortgage rates began to rise again and home prices did not ease up despite some ...
- From census.gov|Apr 23, 2024|2 comments
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for March 2024. Sales of new single‐family houses in March 2024 were at a seasonally adjusted annual rate of 693,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 8.8 percent (±17.2 percent)* above the revised February rate of 637,000 and is 8.3 percent (±19.5 percent)* above the March 2023 estimate of ...
- From census.gov|Mar 25, 2024
Beginning with the April 2024 New Residential Sales release on May 23, 2024, the sales price range groups in Table 2, "New Privately‐Owned Houses Sold, by Sales Price" will be updated to better reflect the current distribution of new home prices. New price groupings will also be introduced in our time series file "New Houses Sold and For Sale by Price Range". Example tables containing the new price groups are provided on our website. Data between January 2020 and March 2024 will be re‐calculated incorporating any additional data and ...
Released on Jun 26, 2024 |
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Released on May 23, 2024 |
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Released on Apr 23, 2024 |
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Released on Mar 25, 2024 |
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