Sales of new single-family houses in the United States rose 4.9 percent from the previous month to a seasonally adjusted annual rate of 667 thousand in February of 2019, following an upwardly revised 636 thousand in January and beating market expectations of 620 thousand. It is the highest reading since March of 2018 as sales increased in the Northeast, the Midwest and the South but were flat in the West. New Home Sales in the United States averaged 650.30 Thousand units from 1963 until 2019, 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.

New Home Sales in the United States is expected to be 620.00 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 485.00 in 12 months time. In the long-term, the United States New Home Sales is projected to trend around 460.00 Thousand units in 2020, according to our econometric models.

United States New Home Sales
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-31 03:00 PM New Home Sales MoM 16.9% -8.3% -8.7% 3%
2019-03-05 03:00 PM New Home Sales 0.621M 0.599M 0.6M 0.560M
2019-03-14 02:00 PM New Home Sales 0.607M 0.652M 0.620M 0.6M
2019-03-29 02:00 PM New Home Sales 0.667M 0.636M 0.62M 0.61M
2019-04-23 02:00 PM New Home Sales 0.667M 0.65M 0.63M
2019-05-23 02:00 PM New Home Sales
2019-06-25 02:00 PM New Home Sales



US New Home Sales at Near 1-Year High

Sales of new single-family houses in the United States rose 4.9 percent from the previous month to a seasonally adjusted annual rate of 667 thousand in February of 2019, following an upwardly revised 636 thousand in January and beating market expectations of 620 thousand. It is the highest reading since March of 2018 as sales increased in the Northeast, the Midwest and the South but were flat in the West.

January's figure was revised to 636 thousand units from 607 thousand previously estimated.

New home sales increased in the South (1.8 percent to 391 thousand), the Midwest (28.3 percent to 77 thousand) and the Northeast (26.9 percent to 33 thousand) but were flat at 166 thousand in the West. 

The median new house price rose to USD 315,300 in February from USD 303,900 in Jnauary but fell from USD 327,200 a year ago. The average sales price increased to USD 379,600 from USD 358,000 in January and USD 373,600 a year ago.

The stock of new houses for sale went down 0.6 percent to 340 thousand, the lowest in three months. This represents a supply of 6.1 months at the current sales rate, down from 6.5 months in January.

Year-on-year, new home sales went up 0.6 percent.


US Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com
3/29/2019 2:15:55 PM


News

US New Home Sales Fall Much More than Expected
Sales of new single-family houses in the United States slumped 6.9 percent from the previous month to a seasonally adjusted annual rate of 607 thousand in January of 2019, following an upwardly revised 652 thousand in December and worse than market expectations of 620 thousand. Sales declined in the South, the Midwest and the Northeast but rose in the West.
Published on 2019-03-14

US New Home Sales Rise to 7-Month High
Sales of new single-family houses in the United States climbed 3.7 percent from the previous month to a seasonally adjusted annual rate of 621 thousand in December 2018, following a downwardly revised 9.1 percent jump in November and easily beating market expectations of an 8.7 percent plunge. It was the highest level since last May.
Published on 2019-03-05

US New Home Sales Highest in 8 Months
Sales of new single-family houses in the United States jumped 16.9 percent from the previous month to a seasonally adjusted annual rate of 657 thousand in November of 2018, following a downwardly revised 8.3 percent fall in October and beating market expectations of 560 thousand. It is the highest reading since March 2018, led by sales in the South, the Midwest and the Northeast while those in the West fell.
Published on 2019-01-31

US New Home Sales Unexpectedly Drop to 2-1/2-Year Low
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.
Published on 2018-11-28



United States Housing Last Previous Highest Lowest Unit
Building Permits 1269.00 1291.00 2419.00 513.00 Thousand [+]
Housing Starts 1139.00 1142.00 2494.00 478.00 Thousand units [+]
New Home Sales 667.00 636.00 1389.00 270.00 Thousand units [+]
Pending Home Sales -4.90 -2.60 30.90 -24.30 percent [+]
Existing Home Sales 5510.00 4930.00 7250.00 1370.00 Thousand [+]
Construction Spending 1.00 2.50 5.90 -4.80 percent [+]
Housing Index 0.60 0.30 1.20 -1.70 percent [+]
Nahb Housing Market Index 63.00 62.00 78.00 8.00 [+]
Mortgage Rate 4.44 4.40 10.56 3.47 percent [+]
Mortgage Applications -3.50 -5.60 49.10 -38.80 percent [+]
Case Shiller Home Price Index 212.41 212.88 213.83 100.00 Index Points [+]
Home Ownership Rate 64.80 64.40 69.20 62.90 percent [+]


United States New Home Sales

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. 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 - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
667.00 636.00 1389.00 270.00 1963 - 2019 Thousand units Monthly
Volume, SA




Country Last Previous
Australia 4583.00 Feb/19
China 23239.00 Mar/19
France 31625.00 Dec/18
Singapore 455.00 Feb/19
Spain 8.80 Feb/19
Turkey 32648.00 Feb/19
United States 667.00 Feb/19


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