Sales of new single-family houses in the United States slumped 8.9 percent from the previous month to a seasonally adjusted annual rate of 544 thousand in October 2018, following an upwardly revised 1 percent growth in September and missing market expectations of a 3.7 percent jump. New home sales were at the lowest level since March 2016. New Home Sales in the United States averaged 650.28 Thousand from 1963 until 2018, reaching an all time high of 1389 Thousand in July of 2005 and a record low of 270 Thousand in February of 2011.

New Home Sales in the United States is expected to be 600.00 Thousand 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 595.00 in 12 months time. In the long-term, the United States New Home Sales is projected to trend around 590.00 Thousand in 2020, according to our econometric models.

United States New Home Sales
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-24 02:00 PM New Home Sales MoM -5.5% -3% -1.4% 0.2%
2018-10-24 02:00 PM New Home Sales 0.553M 0.585M 0.625M 0.63M
2018-11-28 03:00 PM New Home Sales MoM -8.9% 1% 3.7% 1.7%
2018-11-28 03:00 PM New Home Sales 0.544M 0.597M 0.575M 0.572M
2019-01-28 03:00 PM New Home Sales
2019-01-28 03:00 PM New Home Sales 0.544M 0.569M 0.560M
2019-01-28 03:00 PM New Home Sales MoM -8.9% 0.7% 3%



US New Home Sales Unexpectedly Drop to 2-1/2-Year Low

Sales of new single-family houses in the United States slumped 8.9 percent from the previous month to a seasonally adjusted annual rate of 544 thousand in October 2018, following an upwardly revised 1 percent growth in September and missing market expectations of a 3.7 percent jump. New home sales were at the lowest level since March 2016.

New home sales declined in the South (-7.7 percent to 313 thousand), West (-3.2 percent to 149 thousand), Midwest (-22.1 percent to 60 thousand) and Northeast (-18.5 percent to 22 thousand).

The median sales price of new houses sold was USD 309,700 in October, below USD 319,500 in the same month of the previous year. The average sales price rose to USD 395,000 from USD 394,000 a year ago.

The stock of new houses for sale went up 4.3 percent to 336 thousand in October from 322 thousand in September. This represents a supply of 7.4 months at the current sales rate.

Year-on-year, new home sales decreased 12.0 percent. 


US Census Bureau | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/28/2018 3:15:33 PM


News

US New Home Sales Lowest Since 2016
Sales of new single-family houses in the United States dropped 5.5 percent from the previous month to a seasonally adjusted annual rate of 553 thousand in September of 2018, following a downwardly revised 3.0 percent decline in August. It is the lowest rate since December 2016, worse than market expectations of 625 thousand. Sales in the Northeast went down to its lowest level since April 2015. Also, sales decreased in the West and in the South.
Published on 2018-10-24

US New Home Sales Rebound
Sales of new single-family houses in the United States jumped 3.5 percent from the previous month to a seasonally adjusted annual rate of 629 thousand in August of 2018, following a downwardly revised 1.6 percent drop in July. It compares with market expectations of a 0.5 percent rise to 630 thousand. Sales jumped in the Northeast but fell in the South.
Published on 2018-09-26

US New Home Sales Unexpectedly Fall
Sales of new single-family houses in the United States shrank 1.7 percent from the previous month to a seasonally adjusted annual rate of 627 thousand in July of 2018, following a downwardly revised 2.4 percent drop in June. It is the lowest rate since October, worse than market expectations of 645 thousand. Sales fell in the Northeast and in the South.
Published on 2018-08-23

US New Home Sales at 8-Month Low
Sales of new single-family houses in the United States declined 5.3 percent from the previous month to a seasonally adjusted annual rate of 631 thousand in June of 2018, following a downwardly revised 3.9 percent gain in May. It is the lowest rate since October, worse than market expectations of 670 thousand. Sales in the South fell sharply after hitting their highest level in nearly 11 years in May.
Published on 2018-07-25



United States Housing Last Previous Highest Lowest Unit
Building Permits 1328.00 1265.00 2419.00 513.00 Thousand [+]
Housing Starts 1256.00 1217.00 2494.00 478.00 Thousand units [+]
New Home Sales 544.00 597.00 1389.00 270.00 Thousand [+]
Pending Home Sales -7.70 -6.70 30.90 -24.30 percent [+]
Existing Home Sales 5320.00 5220.00 7250.00 1370.00 Thousand [+]
Construction Spending -0.10 -0.10 5.90 -4.80 percent [+]
Housing Index 0.30 0.20 1.20 -1.80 percent [+]
Nahb Housing Market Index 58.00 56.00 78.00 8.00 [+]
Mortgage Rate 4.74 4.74 10.56 3.47 percent [+]
Mortgage Applications 13.50 23.50 49.10 -38.80 percent [+]
Case Shiller Home Price Index 213.89 213.76 213.89 100.00 Index Points [+]
Home Ownership Rate 64.40 64.30 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
544.00 597.00 1389.00 270.00 1963 - 2018 Thousand Monthly
Volume, SA




Country Last Previous
Australia 4622.00 Dec/18
France 27395.00 Sep/18
Singapore 616.00 Aug/18
Spain 8.04 Nov/18
Turkey 60219.00 Sep/18
United States 544.00 Oct/18


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