New home sales in the US jumped 12.4 percent month-over-month to a seasonally adjusted annual rate of 744K in November of 2021, following a downwardly revised 662K in October. It was the fastest rise in seven months and the highest reading since April, but below market expectations of 770K. Positive contributions from the West (53.2 percent), Northeast (15.6 percent) and the South (2.7 percent) were partly offset by a decline in the Midwest (-25.4 percent). The median sales price of new houses sold in November 2021 was $416,90014.1% higher than a year ago. There were 402K new homes available for sale in the market. At the current sales pace, it would take 6.5 months to exhaust the supply of new homes, compared with 3.6 months at the start of the year. source: U.S. Census Bureau

New Home Sales in the United States averaged 655.44 Thousand units from 1963 until 2021, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

New Home Sales in the United States is expected to be 720.00 Thousand units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States New Home Sales is projected to trend around 700.00 Thousand units in 2022 and 590.00 Thousand units in 2023, according to our econometric models.

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United States New Home Sales


Calendar GMT Actual Previous Consensus TEForecast
2021-11-24 03:00 PM Oct 0.745M 0.742M 0.8M 0.8M
2021-12-23 03:00 PM Nov 0.744M 0.662M 0.77M 0.77M
2022-01-26 03:00 PM Dec 0.744M 0.77M 0.72M


Related Last Previous Unit Reference
Building Permits 1873.00 1717.00 Thousand Dec/21
Housing Starts 1702.00 1678.00 Thousand units Dec/21
New Home Sales 744.00 662.00 Thousand units Nov/21
Construction Spending 0.40 0.40 percent Nov/21
New Home Sales MoM 12.40 -8.40 percent Nov/21
Home Ownership Rate 65.40 65.40 percent Sep/21

News Stream
US New Home Sales Miss Forecasts
New home sales in the US jumped 12.4 percent month-over-month to a seasonally adjusted annual rate of 744K in November of 2021, following a downwardly revised 662K in October. It was the fastest rise in seven months and the highest reading since April, but below market expectations of 770K. Positive contributions from the West (53.2 percent), Northeast (15.6 percent) and the South (2.7 percent) were partly offset by a decline in the Midwest (-25.4 percent). The median sales price of new houses sold in November 2021 was $416,90014.1% higher than a year ago. There were 402K new homes available for sale in the market. At the current sales pace, it would take 6.5 months to exhaust the supply of new homes, compared with 3.6 months at the start of the year.
2021-12-23
US New Home Sales Miss Expectations in October
New home sales in the US edged up 0.4% month-over-month to a seasonally adjusted annual rate of 745K in October of 2021, following a downwardly revised 742K in September, and below market forecasts of 800K. Positive contributions from the Midwest (11.0%) and the South (0.2%) were partly offset by sharp declines in the Northeast (-11.8%) and the West (-1.1%). The median sales price increased to $407,700 in October, the highest on record and compared to $346,900 in the same month a year earlier. There were 389K new homes available for sale in the market, the most in 13 years and up from 378K in September. At the current sales pace, it would take 6.3 months to exhaust the supply of new homes, compared with 3.6 months at the start of the year.
2021-11-24
US New Home Sales Surge to 6-Month high
New home sales in the US soared 14% to a seasonally adjusted annual rate of 800K in September of 2021, following a downwardly revised 702K in August, and well above market forecasts of 760K. It is the highest reading in 6 months, boosted by strong demand and a shortage of previously occupied homes for sales. Increases were seen in the Northeast (32.3%), the South (17.5%) and the West (8.2%) while sales in the Midwest declined 1.5%. The median sales price increased to $408,800 from $344,400 a year earlier. There were 379K new homes available for sales on the market, the same as in August.
2021-10-26

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.