New home sales in the US increased 1.6 percent month-over-month to a seasonally adjusted annual rate of 842 thousand in December of 2020, below forecasts of 865 thousand. Sales increased in the Midwest (30.6 percent to 94 thousand) and the West (8.8 percent to 234 thousand) but fell in the Northeast (-6.1 percent to 31 thousand) and the South (-5.1 percent to 483 thousand). The median sales price was $355,900, higher than $329,500 a year earlier. Considering full 2020 , 811,000 new homes were sold, 18.8 percent higher than 683,000 in 2019, supported by record low interest rates and increasing demand from people moving away from big cities due to the coronavirus crisis. source: U.S. Census Bureau
New Home Sales in the United States averaged 653.55 Thousand units from 1963 until 2020, 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 February of 2021.
New Home Sales in the United States is expected to be 620.00 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 560.00 in 12 months time. In the long-term, the United States New Home Sales is projected to trend around 590.00 Thousand units in 2022, according to our econometric models.