Sales of new single family houses in the US increased 1.1% month-over-month to a seasonally adjusted annualised rate of 640K in February of 2023, the highest level since August last year but below forecasts of 650K. It follows a downwardly revised 633K in January. Sales increased 8.1% in the West to 133K and 3% in the South to 415K, offsetting decreases in the Midwest (-1.4% to 71K) and the Northeast (-40% to 21K). The median price of new houses sold was $438,200 while the average sales price was $498,700, compared to $427,400 and $522,200 respectively a year ago. There were 436K houses left to sell, the lowest since April of 2022, corresponding to 8.2 months of supply at the current sales rate. source: U.S. Census Bureau

New Home Sales in the United States averaged 655.42 Thousand units from 1963 until 2023, reaching an all time high of 1389.00 Thousand units in July of 2005 and a record low of 270.00 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 March of 2023.

New Home Sales in the United States is expected to be 550.00 Thousand units by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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United States New Home Sales



Calendar GMT Actual Previous Consensus TEForecast
2023-02-24 03:00 PM Jan 0.67M 0.625M 0.62M 0.615M
2023-03-23 02:00 PM Feb 0.64M 0.633M 0.65M 0.64M
2023-04-25 02:00 PM Mar 0.64M 0.55M


Related Last Previous Unit Reference
Building Permits 1550.00 1339.00 Thousand Feb 2023
Housing Starts 1450.00 1321.00 Thousand units Feb 2023
New Home Sales 640.00 633.00 Thousand units Feb 2023
Construction Spending -0.10 -0.70 percent Jan 2023
New Home Sales MoM 1.10 1.80 percent Feb 2023
Home Ownership Rate 65.90 66.00 percent Dec 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
640.00 633.00 1389.00 270.00 1963 - 2023 Thousand units Monthly
Volume, SA

News Stream
US New Home Sales Strongest in 6 Months
Sales of new single-family houses in the US increased 1.1% month-over-month to a seasonally adjusted annualised rate of 640K in February of 2023, the highest level since August last year but below forecasts of 650K. It follows a downwardly revised 633K in January. Sales increased 8.1% in the West to 133K and 3% in the South to 415K, offsetting decreases in the Midwest (-1.4% to 71K) and the Northeast (-40% to 21K). The median price of new houses sold was $438,200 while the average sales price was $498,700, compared to $427,400 and $522,200 respectively a year ago. There were 436K houses left to sell, the lowest since April of 2022, corresponding to 8.2 months of supply at the current sales rate.
2023-03-23
US New Home Sales Surge in January
Sales of new single family houses in the US jumped 7.2% month-over-month to a seasonally adjusted annualised rate of 670K in January of 2023, following an upwardly revised 7.2% jump in December. It is the highest reading since March last year, beating market forecasts of 620K, in a sign the housing market may be stabilising. Sales soared 17.1% in the South to 451K, offsetting decreases in the Midwest (-6.9% to 67K), the West (-7.3% to 127K) and the Northeast (-19.4% to 25K). The median price of new houses sold was $427,500 while the average sales price was $474,000, both below $430,500 and $501,200 respectively a year ago. There were 439K houses left to sell, the lowest since May of 2022, corresponding to 7.9 months of supply at the current sales rate.
2023-02-24
US New Home Sales at 4-Month High
Sales of new single family houses in the US increased 2.3% month-over-month to a seasonally adjusted annualised rate of 616K in December of 2022, the highest value in four months, compared to market forecasts of 617K. Sales soared in the Midwest (35.2% to 73K) and the South (6.5% to 392K) but fell in Northeast (-19.4% to 29K) and the West (-15.3% to 122K). The median price of new houses sold was $442,100 while the average sales price was $528,400. There were 461,000 houses left to sell, the same as in November corresponding to 9 months of supply at the current sales rate. Considering full 2022, an estimated 644K new homes were sold, 16.4% below the 2021 figure of 771K, and the lowest levels in four years, due to rising mortgage rates.
2023-01-26