Sales of new single-family houses in the United States slumped 12.8 percent from the previous month to a seasonally adjusted annual rate of 635 thousand in July 2019, following an upwardly revised 20.9 percent jump in June and compared to market expectations of a 0.2 percent decrease. That was the biggest monthly decline since July 2013. New Home Sales in the United States averaged 650.26 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 590.00 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 600.00 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
2019-07-24 02:00 PM New Home Sales MoM Jun 7% -8.2% 6% 3.8%
2019-07-24 02:00 PM New Home Sales Jun 0.646M 0.604M 0.66M 0.65M
2019-08-23 02:00 PM New Home Sales MoM Jul -12.8% 20.9% -0.2% 1.5%
2019-08-23 02:00 PM New Home Sales Jul 0.635M 0.728M 0.649M 0.656M
2019-09-25 02:00 PM New Home Sales Aug 0.635M 0.667M
2019-10-24 02:00 PM New Home Sales Sep 0.49M
2019-11-26 03:00 PM New Home Sales Oct



US New Home Sales Tumble in July

Sales of new single-family houses in the United States slumped 12.8 percent from the previous month to a seasonally adjusted annual rate of 635 thousand in July 2019, following an upwardly revised 20.9 percent jump in June and compared to market expectations of a 0.2 percent decrease. That was the biggest monthly decline since July 2013.

June's sales pace was revised higher to 728 thousand units from the previously reported 646 thousand units.

New home sales were down in the South (-16.1 percent to 359 thousand), West (-14.2 percent to 181 thousand), and Midwest (-11.1 percent to 56 thousand), but increased in the Northeast (50.0 percent to 39 thousand).

The median new house price dropped 4.5 percent from a year earlier to USD 312.8 thousand in July. The average sales price fell 1.1 percent to USD 388.0 thousand.

The stock of new houses for sale rose 1.2 percent to 337 thousand. At July's sales pace it would take 6.4 months to clear the supply of houses on the market, down from 5.5 months in June.

Year-on-year, new home sales went up 4.3 percent.


US Census Bureau | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/23/2019 2:10:14 PM


News

US New Home Sales Rise in June
Sales of new single-family houses in the United States jumped 7 percent from the previous month to a seasonally adjusted annual rate of 646 thousand in June 2019, following two straight months of decline and compared to market expectations of a 6 percent increase.
Published on 2019-07-24

US New Home Sales Fall Unexpectedly to 5-Month Low
Sales of new single-family houses in the United States dropped 7.8 percent from the previous month to a seasonally adjusted annual rate of 626 thousand in May 2019, while markets had forecast a 1.9 percent increase to 680 thousand. That was the lowest level since December despite lower mortgage rates.
Published on 2019-06-25

US New Home Sales Fall More than Expected
Sales of new single-family houses in the United States dropped 6.9 percent from the previous month to a seasonally adjusted annual rate of 673 thousand in April 2019, from a revised 11-1/2-year high in March, while markets had forecast a 2.8 percent fall to 675 thousand.
Published on 2019-05-23

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.
Published on 2019-04-23



United States Housing Last Previous Highest Lowest Unit
Building Permits 1336.00 1232.00 2419.00 513.00 Thousand [+]
Housing Starts 1191.00 1241.00 2494.00 478.00 Thousand units [+]
New Home Sales 635.00 728.00 1389.00 270.00 Thousand units [+]
Pending Home Sales -0.30 1.60 30.90 -24.30 percent [+]
Existing Home Sales 5420.00 5290.00 7250.00 1370.00 Thousand [+]
Construction Spending 0.10 -0.70 5.90 -4.80 percent [+]
Housing Index 0.20 0.20 1.20 -1.80 percent [+]
Nahb Housing Market Index 66.00 65.00 78.00 8.00 [+]
Mortgage Rate 3.82 3.87 10.56 3.47 percent [+]
Mortgage Applications 2.00 -3.10 49.10 -38.80 percent [+]
Case Shiller Home Price Index 217.65 216.92 217.65 100.00 Index Points [+]
Home Ownership Rate 64.10 64.20 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
635.00 728.00 1389.00 270.00 1963 - 2019 Thousand units Monthly
Volume, SA




Country Last Previous
Australia 4237.00 Jul/19
China 72431.00 Jul/19
France 33922.00 Jun/19
Singapore 1178.00 Jul/19
Spain 8.54 Jul/19
Turkey 38931.00 Jul/19
United States 635.00 Jul/19


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