Sales of new single-family houses in the United States slumped 6.9 percent from the previous month to a seasonally adjusted annual rate of 607 thousand in January of 2019, following an upwardly revised 652 thousand in December and worse than market expectations of 620 thousand. Sales declined in the South, the Midwest and the Northeast but rose in the West. New Home Sales in the United States averaged 650.18 Thousand units from 1963 until 2019, 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.

New Home Sales in the United States is expected to be 615.00 Thousand units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate New Home Sales in the United States to stand at 585.00 in 12 months time. In the long-term, the United States New Home Sales is projected to trend around 590.00 Thousand units in 2020, according to our econometric models.

United States New Home Sales
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-31 03:00 PM New Home Sales MoM 16.9% -8.3% -8.7% 3%
2019-01-31 03:00 PM New Home Sales 657K 562K 0.56M 0.56M
2019-03-05 03:00 PM New Home Sales 0.621M 0.599M 0.6M 0.560M
2019-03-14 02:00 PM New Home Sales 0.607M 0.652M 0.620M 0.6M
2019-03-29 02:00 PM New Home Sales 0.607M 0.619M 0.61M
2019-04-23 02:00 PM New Home Sales
2019-05-23 02:00 PM New Home Sales



US New Home Sales Fall Much More than Expected

Sales of new single-family houses in the United States slumped 6.9 percent from the previous month to a seasonally adjusted annual rate of 607 thousand in January of 2019, following an upwardly revised 652 thousand in December and worse than market expectations of 620 thousand. Sales declined in the South, the Midwest and the Northeast but rose in the West.

December's figure was revised to 652 thousand units from 621 thousand previously estimated.

New home sales went down in the South (-15.1 percent to 342 thousand), the Midwest (-28.6 percent to 50 thousand) and the Northeast (-11.4 percent to 31 thousand) but rose in the West (27.8 percent o 184 thousand). 

The median new house price fell to USD 317,200 in January from USD 319,100 in December and USD 329,600 a year ago. The average sales price dropped to USD 373,100 from USD 374,000 in December and USD 377,800 a year ago.

The stock of new houses for sale went down 1.5 percent to 336 thousand from 341 thousand in December. This represents a supply of 6.6 months at the current sales rate, down from 6.3 months in December.

Year-on-year, new home sales decreased 4.1 percent.


US Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com
3/14/2019 2:18:01 PM



United States Housing Last Previous Highest Lowest Unit
Building Permits 1345.00 1326.00 2419.00 513.00 Thousand [+]
Housing Starts 1230.00 1037.00 2494.00 478.00 Thousand units [+]
New Home Sales 607.00 652.00 1389.00 270.00 Thousand units [+]
Pending Home Sales -2.30 -9.90 30.90 -24.30 percent [+]
Existing Home Sales 5510.00 4930.00 7250.00 1370.00 Thousand [+]
Construction Spending 1.30 -0.80 5.90 -4.80 percent [+]
Housing Index 0.30 0.40 1.20 -1.70 percent [+]
Nahb Housing Market Index 62.00 62.00 78.00 8.00 [+]
Mortgage Rate 4.55 4.64 10.56 3.47 percent [+]
Mortgage Applications 1.60 2.30 49.10 -38.80 percent [+]
Case Shiller Home Price Index 212.96 213.45 213.85 100.00 Index Points [+]
Home Ownership Rate 64.80 64.40 69.20 62.90 percent [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
607.00 652.00 1389.00 270.00 1963 - 2019 Thousand units Monthly
Volume, SA




Country Last Previous
Australia 4538.00 Jan/19
China 11028.00 Feb/19
France 31625.00 Dec/18
Singapore 1198.00 Nov/18
Spain 9.26 Jan/19
Turkey 32648.00 Feb/19
United States 607.00 Jan/19


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