US New Home Sales Jump 7.4% in March

Sales of new single-family homes in the US rose 7.4% month-over-month to 682,000 in March 2026, exceeding expectations of 650,000 and up from 635,000 in February. Gains were led by the South (+11.1% to 441,000) and the Northeast (+80.0% to 27,000), offsetting declines in the West (-3.5% to 138,000) and Midwest (-5.0% to 76,000). Housing supply stood at 481,000 units, representing 8.5 months at the current sales pace, while the median new home price fell 6.2% year-over-year to $387,400.

Sales of new single-family homes in the United States fell by 1.7% from the near-four-year high in the previous month to an annualized rate of 745,000 units in December of 2025, firmly above market expectations of 730,000, to mark the second-highest level in the period. Sales were sharply higher in the Midwest (31.7% to 108,000) and the West (9% to 170,000), which were offset by a plunge in the Northeast (-37.3% to 37,000) and the South (-6.7% to 430,000). Despite the slight decrease, housing inventory fell by 2.7% from the previous month to 472,000, equivalent to 7.6 months of supply at the latest sales period.

Sales of new single-family homes in the United States inched lower by 0.1% from the previous month to a seasonally adjusted annualized rate of 737,000 units in October of 2025, ahead of expectations of 715,000 and loosely holding the 3.8% increase from September, which lifted sales to their highest level in over two years. Sales fell in the West (-36.3% to 109,000), the Northeast (-14.3% to 24,000), and the Midwest (-9% to 91,000), offsetting the sharp increase in the South (16.9% to 513,000). The number of houses for sale was estimated at 488,000, ahead of comparable levels from the previous year, to represent the supply of 7.9 months at the latest sales rate. Meanwhile, the median sales price for new homes was $392,300, an increase of 8% from the previous year.