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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
United States New Home Sales


Calendar GMT Actual Previous Consensus TEForecast
2021-10-26 02:00 PM Sep 0.8M 0.702M 0.76M 0.76M
2021-11-24 03:00 PM Oct 0.745M 0.742M 0.8M 0.8M
2021-12-23 03:00 PM Nov 0.745M


Related Last Previous Unit Reference
Building Permits 1650.00 1586.00 Thousand Oct/21
Housing Starts 1520.00 1530.00 Thousand units Oct/21
New Home Sales 745.00 742.00 Thousand units Oct/21
Construction Spending 0.20 -0.10 percent Oct/21
New Home Sales MoM 0.40 7.10 percent Oct/21
Home Ownership Rate 65.40 65.40 percent Sep/21

News Stream
US New Home Sales Miss Expectations in October
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.
2021-11-24
US New Home Sales Surge to 6-Month high
New home sales in the US soared 14% to a seasonally adjusted annual rate of 800K in September of 2021, following a downwardly revised 702K in August, and well above market forecasts of 760K. It is the highest reading in 6 months, boosted by strong demand and a shortage of previously occupied homes for sales. Increases were seen in the Northeast (32.3%), the South (17.5%) and the West (8.2%) while sales in the Midwest declined 1.5%. The median sales price increased to $408,800 from $344,400 a year earlier. There were 379K new homes available for sales on the market, the same as in August.
2021-10-26
US New Home Sales Rise to 4-Month High
New home sales in the US jumped 1.5% to a seasonally adjusted annual rate of 740K in August of 2021, following a big upward revision to 729K in July, and beating market forecasts of 714K. It is the highest reading in four months with sales jumping the most in the Northeast (26.1%), the South (6%) and the West (1.4%) while falling in the Midwest (-31.1%). The median sales price increased to $390,900 from $325,500 a year earlier. There were 378K new homes available for sales on the market, higher than 366K in July. Still, new home sales remain well below 977K in August of 2020 as high prices due to rising material costs continue to weigh on buyers' affordability.
2021-09-24

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.