Sales of new single-family houses in the United States rose 4.5 percent from the previous month to a seasonally adjusted annual rate of 692 thousand in March 2019, the highest level since November 2017, while markets had forecast a 2.5 percent fall to 650 thousand. It was the third straight monthly increase in new home sales, amid lower mortgage rates and house prices. New Home Sales in the United States averaged 650.18 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 540.00 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 510.00 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
2019-03-05 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 0.692M 0.662M 0.65M 0.63M
2019-05-23 02:00 PM New Home Sales 0.692M 0.68M 0.670M
2019-06-25 02:00 PM New Home Sales
2019-07-24 02:00 PM New Home Sales 0.54M



US New Home Sales Jump to Near 1-1/2-Year High

Sales of new single-family houses in the United States rose 4.5 percent from the previous month to a seasonally adjusted annual rate of 692 thousand in March 2019, the highest level since November 2017, while markets had forecast a 2.5 percent fall to 650 thousand. It was the third straight monthly increase in new home sales, amid lower mortgage rates and house prices.

February's sales pace was revised down to 662 thousand units from the previously reported 667 thousand units.

About 62 percent of the houses sold in March were either under construction or yet to be built.

New home sales, which account for about 11.7 percent of housing market sales, increased in the South (3.6 percent to 401 thousand, the highest level since July 2007), West (6.7 percent to 176 thousand) and Midwest (17.6 percent to 87 thousand), but fell in the Northeast (-22.2 percent to 28 thousand).

The median new house price dropped 9.7 percent to USD 302,700 in March from a year ago, the lowest level since February 2017. The average sales price, however, increased 1.8 percent to USD 376,000.

The stock of new houses for sale went up 0.3 percent to 344 thousand. At March's sales pace it would take 6.0 months to clear the supply of houses on the market, down from 6.3 months in February.

Year-on-year, new home sales rose 3 percent.


US Census Bureau | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/23/2019 2:19:12 PM


News

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.
Published on 2019-03-29

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



United States Housing Last Previous Highest Lowest Unit
Building Permits 1296.00 1288.00 2419.00 513.00 Thousand [+]
Housing Starts 1235.00 1168.00 2494.00 478.00 Thousand units [+]
New Home Sales 692.00 662.00 1389.00 270.00 Thousand units [+]
Pending Home Sales -1.20 -4.90 30.90 -24.30 percent [+]
Existing Home Sales 5210.00 5480.00 7250.00 1370.00 Thousand [+]
Construction Spending -0.90 0.70 5.90 -4.80 percent [+]
Housing Index 0.30 0.60 1.20 -1.70 percent [+]
Nahb Housing Market Index 66.00 63.00 78.00 8.00 [+]
Mortgage Rate 4.40 4.41 10.56 3.47 percent [+]
Mortgage Applications -0.60 2.70 49.10 -38.80 percent [+]
Case Shiller Home Price Index 212.70 212.27 213.83 100.00 Index Points [+]
Home Ownership Rate 64.20 64.80 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
692.00 662.00 1389.00 270.00 1963 - 2019 Thousand units Monthly
Volume, SA




Country Last Previous
Australia 4576.00 Mar/19
China 33870.00 Apr/19
France 30863.00 Mar/19
Singapore 455.00 Feb/19
Spain 8.05 Mar/19
Turkey 32648.00 Feb/19
United States 692.00 Mar/19


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