US New Home Sales Drops More than Expected

Sales of new single-family homes in the US fell by 6.2% from the previous month to an annualized rate of 622 thousand units in April of 2026, below market expectations of 670,000 units sold to reflect the lowest level in three months. Sales fell sharply in the south (-9.8% to 370,000), the Midwest (-25% to 66,000), and the Northeast (-12.9% to 27,000). Conversely, sales rose in the West (18.7% to 159,000). Housing supply stood at 489,000 units, equivalent to 9.4 months of supply at the last sales rate. Also, the median sales price of homes were at $422,500.

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.