New home sales in the United States rose 10.7% from a month earlier to a seasonally adjusted annual rate of 696,000 in May of 2022, above market expectations of 588,000. Sales rose in the West (39.3%) and in the South (12.8%) but declined in the Northeast (-51.1%) and in the Midwest (-18.3%). Despite the rebound in May, elevated house prices and mortgage rates of near 6% are likely to continue to hit sales in the next months. Meanwhile, the median sales price of new houses sold last month was $449,000, up 15% from the previous year, and the average sales price was $511,400. There are now 7.7 months of supply in inventory, compared to 8.3 months in April. source: U.S. Census Bureau

New Home Sales in the United States averaged 656.26 Thousand units from 1963 until 2022, 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 July of 2022.

New Home Sales in the United States is expected to be 750.00 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 2023 and 590.00 Thousand units in 2024, according to our econometric models.

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United States New Home Sales



Calendar GMT Actual Previous Consensus TEForecast
2022-05-24 02:00 PM Apr 0.591M 0.709M 0.75M 0.755M
2022-06-24 02:00 PM May 0.696M 0.629M 0.588M 0.585M
2022-07-26 02:00 PM Jun 0.696M


Related Last Previous Unit Reference
Building Permits 1695.00 1823.00 Thousand May 2022
Housing Starts 1549.00 1810.00 Thousand units May 2022
New Home Sales 696.00 629.00 Thousand units May 2022
Construction Spending -0.10 0.80 percent May 2022
New Home Sales MoM 10.70 -12.00 percent May 2022
Home Ownership Rate 65.40 65.50 percent Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
696.00 629.00 1389.00 270.00 1963 - 2022 Thousand units Monthly
Volume, SA

News Stream
US New Home Sales Top Expectations in May
New home sales in the United States rose 10.7% from a month earlier to a seasonally adjusted annual rate of 696,000 in May of 2022, above market expectations of 588,000. Sales rose in the West (39.3%) and in the South (12.8%) but declined in the Northeast (-51.1%) and in the Midwest (-18.3%). Despite the rebound in May, elevated house prices and mortgage rates of near 6% are likely to continue to hit sales in the next months. Meanwhile, the median sales price of new houses sold last month was $449,000, up 15% from the previous year, and the average sales price was $511,400. There are now 7.7 months of supply in inventory, compared to 8.3 months in April.
2022-06-24
US New Home Sales at 2-Year Low
New home sales in the United States sank 16.6% mom to a seasonally adjusted annual rate of 591,000 in April of 2022, the lowest since April of 2020 and well below forecasts of 750,000, as rising construction and mortgage costs weigh on buyers' affordability. Sales fell in all regions: the South (-19.8%), the Midwest (-15.1%), the West (-13.8%) and the Northeast (-5.9%). Meanwhile, the median sales price of new houses sold last month was USD 450,600, much higher than USD 376,600 a year earlier, while the average sales price was USD 570,300, up from USD 434,800. There are now 8.3 months of supply in inventory, almost twice 4.3 months a year earlier.
2022-05-24
New Home Sales Drop for 3rd Month
New home sales in the United States dropped 8.6% from a month earlier to a seasonally adjusted annual rate of 763 thousand in March of 2022, following a revised 1.2% drop in the previous month and below market expectations of 765 thousand. Declines were seen in home sales in the South (-10.2% to 414 thousand), the Midwest (-8.7% to 94 thousand), West (-6.0% to 202 thousand) and in the Northeast (-5.4% to 53 thousand). Meanwhile, the median sales price of new houses sold last month was USD 436,700, much higher than USD 359,600 a year earlier, while the average sales price was USD 523,900, up from USD 414,700.
2022-04-26