Sales of new single family houses in the US sank 5.9 percent month-over-month to an annualized rate of 769 thousand in May of 2021, well below forecasts of 870 thousand. It is the lowest reading in a year as high prices due to rising material costs weigh on buyers' affordability. Sales sank 14.5% in the South and were flat in the Midwest. In contrast, increases were seen in the Northeast (33.3%) and the West (6.7%). The median sales price increased to $374,400 from $317,100 a year earlier. There were 330 thousand new home sales available on the market, higher than 315 thousand in April. source: U.S. Census Bureau
New Home Sales in the United States averaged 655.18 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 July of 2021.
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. Looking forward, we estimate New Home Sales in the United States to stand at 770.00 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.