Sales of new single-family homes in the United States jumped 16.6 percent month-over-month to an annualized rate of 676 thousand in May of 2020, beating forecasts of a 2.9 percent rise. However, data for April was revised sharply lower to 580 thousand from 623 thousand. Still, May's figure is the highest in three months. Sales jumped 45.5 percent in the Northeast (to 32 thousand), 29 percent in the West (to 169 thousand) and 15.2 percent in the South (to 402 thousand) but fell 6.4 percent in the Midwest (to 73 thousand). There were 318,000 new homes on the market, down 2.2 percent from April. At May's sales pace it would take 5.6 months to clear the supply of houses on the market. The median new house price rose to USD 317,900 from USD 312,700 a year ago. Year-on-year new home sales jumped 12.7 percent.

New Home Sales in the United States averaged 650.93 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 July of 2020. source: U.S. Census Bureau

New Home Sales in the United States is expected to be 680.00 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 620.00 in 12 months time. In the long-term, the United States New Home Sales is projected to trend around 560.00 Thousand units in 2021 and 590.00 Thousand units in 2022, according to our econometric models.

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United States New Home Sales

Actual Previous Highest Lowest Dates Unit Frequency
676.00 580.00 1389.00 270.00 1963 - 2020 Thousand units Monthly
Volume, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-05-26 02:00 PM New Home Sales MoM Apr 0.6% -13.7% -21.9% -21.1%
2020-05-26 02:00 PM New Home Sales Apr 0.623M 0.619M 0.48M 0.495M
2020-06-23 02:00 PM New Home Sales MoM May 16.6% -5.2% 2.9% 2.5%
2020-06-23 02:00 PM New Home Sales May 0.676M 0.58M 0.64M 0.635M
2020-07-24 02:00 PM New Home Sales Jun 0.676M 0.68M
2020-08-25 02:00 PM New Home Sales Jul
2020-09-24 02:00 PM New Home Sales Aug
2020-10-26 02:00 PM New Home Sales Sep


News Stream
US New Home Sales Increase 16.6%
Sales of new single-family homes in the United States jumped 16.6 percent month-over-month to an annualized rate of 676 thousand in May of 2020, beating forecasts of a 2.9 percent rise. However, data for April was revised sharply lower to 580 thousand from 623 thousand. Still, May's figure is the highest in three months. Sales jumped 45.5 percent in the Northeast (to 32 thousand), 29 percent in the West (to 169 thousand) and 15.2 percent in the South (to 402 thousand) but fell 6.4 percent in the Midwest (to 73 thousand). There were 318,000 new homes on the market, down 2.2 percent from April. At May's sales pace it would take 5.6 months to clear the supply of houses on the market. The median new house price rose to USD 317,900 from USD 312,700 a year ago. Year-on-year new home sales jumped 12.7 percent.
2020-06-23
US New Home Sales Unexpectedly Rise
Sales of new single-family homes in the United States unexpectedly rose 0.6 percent month-over-month to an annualized rate of 623 thousand, beating forecasts of a 21.9 percent plunge. Sales rose in the South (2.4 percent to 379 thousand), the Midwest (2.4 percent to 86 thousand) and the Northeast (8.7 percent to 35 thousand) but fell in the West (-6.3 percent to 133 thousand). There were 325,000 new homes on the market, down 1.8 percent from March. At April's sales pace it would take 6.3 months to clear the supply of houses on the market. The median new house price fell to USD 309,900 from USD 339,000 a year ago. Year-on-year new home sales declined by 6.2 percent.
2020-05-26
US New Home Sales Lowest in Near 1 Year
Sales of new single-family homes in the United States plunged 15.4 percent from the previous month to a seasonally adjusted annual rate of 627 thousand in March of 2020, below a downwardly revised 741 thousand in February. It is the lowest reading since May of 2019 and the biggest drop since July of 2013. However, further declines are expected in the coming months due to the coronavirus outbreak. Sales fell in the Northeast (-41.5 percent to 24 thousand), the West (-38.5 percent to 139 thousand), the Midwest (-8.1 percent to 79 thousand) and the South (-0.8 percent to 385 thousand). There were 333,000 new homes on the market, up 2.8 percent from February. At March's sales pace it would take 5.4 months to clear the supply of houses on the market. The median new house price rose to USD 321,400 from USD 310,600 a year ago. Year-on-year new home sales declined 9.5 percent.
2020-04-23
US New Home Sales Fall More than Expected
Sales of new single-family homes in the United States dropped 4.4 percent from the previous month to a seasonally adjusted annual rate of 765 thousand in February of 2020, below an upwardly revised 800 thousand in January which was the highest since May of 2007. Figures came below market forecasts of 750 thousand. Sales fell in the West (-17.2 percent to 222 thousand) and the Midwest (-7.3 percent to 89 thousand) but rose in the Northeast (38.9 percent to 50 thousand) and the South (1 percent to 404 thousand). There were 319,000 new homes on the market, down 0.9 percent from January. At February's sales pace it would take 5 months to clear the supply of houses on the market. The median new house price rose to USD 345,900 from USD 320,800 a year ago. Year-on-year new home sales jumped 14.3 percent.
2020-03-24

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.