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. 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 650.00 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 710.00 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
2019-05-23 02:00 PM New Home Sales MoM Apr -6.9% 8.1% -2.8% -3.2%
2019-05-23 02:00 PM New Home Sales Apr 0.673M 0.723M 0.675M 0.670M
2019-06-25 02:00 PM New Home Sales MoM May -7.8% -3.7% 1.9% 3.6%
2019-06-25 02:00 PM New Home Sales May 0.626M 0.679M 0.68M 0.697M
2019-07-24 02:00 PM New Home Sales Jun 0.626M 0.65M 0.65M
2019-08-23 02:00 PM New Home Sales Jul
2019-09-25 02:00 PM New Home Sales Aug



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.

April's sales pace was revised up to 679 thousand units from the previously reported 673 thousand units.

About two-thirds of the houses sold last month were either under construction or yet to be built.

New home sales, which account for about 10.5 percent of housing market sales, decreased in the West (-35.9 percent to 125 thousand) and Northeast (-17.6 percent to 28 thousand), but rose in the South (4.9 percent to 389 thousand, the highest level since July 2007) and Midwest (6.3 percent to 84 thousand).

The median new house price declined 2.7 percent to USD 308,000 in May from a year ago. The average sales price rose 1.2 percent to USD 377,200.

The stock of new houses for sale went up 0.3 percent to 333 thousand. At May's sales pace it would take 6.4 months to clear the supply of houses on the market, up from 5.9 months in April.

Year-on-year, new home sales fell 3.7 percent.


US Census Bureau | Joana Ferreira | joana.ferreira@tradingeconomics.com
6/25/2019 2:14:41 PM


News

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

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



United States Housing Last Previous Highest Lowest Unit
Building Permits 1220.00 1299.00 2419.00 513.00 Thousand [+]
Housing Starts 1253.00 1265.00 2494.00 478.00 Thousand units [+]
New Home Sales 626.00 679.00 1389.00 270.00 Thousand units [+]
Pending Home Sales -0.70 -2.00 30.90 -24.30 percent [+]
Existing Home Sales 5340.00 5210.00 7250.00 1370.00 Thousand [+]
Construction Spending -0.80 0.40 5.90 -4.80 percent [+]
Housing Index 0.40 0.10 1.20 -1.70 percent [+]
Nahb Housing Market Index 65.00 64.00 78.00 8.00 [+]
Mortgage Rate 4.12 4.04 10.56 3.47 percent [+]
Mortgage Applications -1.10 -2.40 49.10 -38.80 percent [+]
Case Shiller Home Price Index 215.68 213.95 215.68 100.00 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
626.00 679.00 1389.00 270.00 1963 - 2019 Thousand units Monthly
Volume, SA




Country Last Previous
Australia 5198.00 May/19
China 45021.00 May/19
France 30863.00 Mar/19
Singapore 735.00 Apr/19
Spain 8.31 May/19
Turkey 33765.00 May/19
United States 626.00 May/19


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