Sales of new US single-family homes jumped 20.7% to a seasonally adjusted annual rate of 1021 thousand in March of 2021, following an upwardly revised 846 thousand in February and beating market forecasts of 886 thousand. It is the highest reading since August of 2006, after a big drop in activity in the prior month amid adverse weather conditions in Texas and some parts of the South. Sales in the South recorded the biggest increase (40.2 percent o 694 thousand), followed by the Midwest (30.7 percent to 132 thousand) and the Northeast (20 percent to 48 thousand). In contrast, sales in the West sank 30 percent to 147 thousand. The median sales price increased to $330,800 from $328,200 a year earlier. There were 307 thousand new home sales available on the market, the same as in the previous month, but was down 7 percent from a year ago. source: U.S. Census Bureau
New Home Sales in the United States averaged 654.95 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 May of 2021.
New Home Sales in the United States is expected to be 840.00 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 800.00 in 12 months time. In the long-term, the United States New Home Sales is projected to trend around 650.00 Thousand units in 2022 and 590.00 Thousand units in 2023, according to our econometric models.