New home sales in the US edged up 0.4% month-over-month to a seasonally adjusted annual rate of 745K in October of 2021, following a downwardly revised 742K in September, and below market forecasts of 800K. Positive contributions from the Midwest (11.0%) and the South (0.2%) were partly offset by sharp declines in the Northeast (-11.8%) and the West (-1.1%). The median sales price increased to $407,700 in October, the highest on record and compared to $346,900 in the same month a year earlier. There were 389K new homes available for sale in the market, the most in 13 years and up from 378K in September. At the current sales pace, it would take 6.3 months to exhaust the supply of new homes, compared with 3.6 months at the start of the year. source: U.S. Census Bureau
New Home Sales in the United States averaged 655.52 Thousand units from 1963 until 2021, 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 December of 2021.
New Home Sales in the United States is expected to be 720.00 Thousand units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States New Home Sales is projected to trend around 700.00 Thousand units in 2022 and 590.00 Thousand units in 2023, according to our econometric models.