Sales of new single-family homes in the United States rose by 13.8 percent from the previous month to a seasonally adjusted annual rate of 776 thousand in June 2020, the highest level since July 2007 and easily beating market expectations of 700 thousand, as the housing market continued to recover from the coronavirus hit amid record low interest rates. New home sales increased across all regions: the South (7.2 percent to 434 thousand); the West (18.0 percent to 203 thousand); the Midwest (10.5 percent to 84 thousand); and the Northeast (89.7 percent to 55 thousand).
New Home Sales in the United States averaged 651.09 Thousand units from 1963 until 2020, reaching an all time high of 1389 Thousand units in July of 2005 and a record low of 270 Thousand units in February of 2011. This page provides the latest reported value for - United States New Home Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States New Home Sales - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: U.S. Census Bureau
New Home Sales in the United States is expected to be 690.00 Thousand units 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 640.00 in 12 months time. In the long-term, the United States New Home Sales is projected to trend around 560.00 Thousand units in 2021 and 590.00 Thousand units in 2022, according to our econometric models.