Sales of new single-family houses in the United States slumped 8.9 percent from the previous month to a seasonally adjusted annual rate of 544 thousand in October 2018, following an upwardly revised 1 percent growth in September and missing market expectations of a 3.7 percent jump. New home sales were at the lowest level since March 2016. New Home Sales in the United States averaged 650.28 Thousand from 1963 until 2018, reaching an all time high of 1389 Thousand in July of 2005 and a record low of 270 Thousand in February of 2011.
New Home Sales in the United States is expected to be 600.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate New Home Sales in the United States to stand at 595.00 in 12 months time. In the long-term, the United States New Home Sales is projected to trend around 590.00 Thousand in 2020, according to our econometric models.