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.