New home sales in the United States rose by 7.5% to a seasonally adjusted annualized rate of 632K in October of 2022, beating market forecasts of 570K sales and defying the recent drawdown in housing demand as the Federal Reserve aggressively tightens monetary policy. Sales rose sharply in the South (16% to 399K) and in the Northeast (+45.7% to 51K), more than offsetting the decline in the Midwest (-34.2% to 50K). The median price of new houses sold was $493,000, while the average sales price was $544,000. There were 470,000 houses left to sell, up 21.4% from one year ago and corresponding to 8.9 months of supply at the current sales rate. source: U.S. Census Bureau

New Home Sales in the United States averaged 655.76 Thousand units from 1963 until 2022, 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 November of 2022.

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. In the long-term, the United States New Home Sales is projected to trend around 600.00 Thousand units in 2023 and 690.00 Thousand units in 2024, according to our econometric models.

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United States New Home Sales



Calendar GMT Actual Previous Consensus TEForecast
2022-10-26 02:00 PM Sep 0.603M 0.677M 0.585M 0.59M
2022-11-23 03:00 PM Oct 0.632M 0.588M 0.57M 0.58M
2022-12-23 03:00 PM Nov 0.632M


Related Last Previous Unit Reference
Building Permits 1512.00 1564.00 Thousand Oct 2022
Housing Starts 1425.00 1488.00 Thousand units Oct 2022
New Home Sales 632.00 588.00 Thousand units Oct 2022
Construction Spending 0.20 -0.60 percent Sep 2022
New Home Sales MoM 7.50 -11.00 percent Oct 2022
Home Ownership Rate 66.00 65.80 percent Sep 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
632.00 588.00 1389.00 270.00 1963 - 2022 Thousand units Monthly
Volume, SA

News Stream
US New Home Sales Unexpectedly Rise
New home sales in the United States rose by 7.5% to a seasonally adjusted annualized rate of 632K in October of 2022, beating market forecasts of 570K sales and defying the recent drawdown in housing demand as the Federal Reserve aggressively tightens monetary policy. Sales rose sharply in the South (16% to 399K) and in the Northeast (+45.7% to 51K), more than offsetting the decline in the Midwest (-34.2% to 50K). The median price of new houses sold was $493,000, while the average sales price was $544,000. There were 470,000 houses left to sell, up 21.4% from one year ago and corresponding to 8.9 months of supply at the current sales rate.
2022-11-23
US New Home Sales Resume Downtrend
New home sales in the United States fell 10.9% to a seasonally adjusted annualised rate of 603K in September of 2022, after jumping by a downwardly revised 24.7% in August and compared with market forecasts of 585K. Housing demand in the US has been sharply falling as the Federal Reserve is aggressively raising interest rates to combat the surge in inflation. Sales fell in the South (-20.2% to 356K) and the West (-0.7% to 135K) but rose in the Northeast (56% to 39K) and the Midwest (4.3% to 73K). The median sales price of new houses sold was $470,600, up 13.9% from a year ago and the average sales price was $517,700. There are 462,000 houses to sell, corresponding to 9.2 months of supply in inventory.
2022-10-26
US New Home Sales Rise the Most in Over 2 Years
New home sales in the United States soared 28.8% from a month earlier to a 5-month high of 685K in August of 2022, and above market expectations of 500K. It was the biggest increase since June 2020 as sales rose in the Northeast (66.7%), the Midwest (16.7%), the South (29.4%), and the West (27.5%). The median sales price of new houses sold was $436,800, up 8% from a year ago, but the smallest increase since November 2020 and the average sales price was $521,800. There are 461,000 houses to sell, corresponding to 8.1 months of supply in inventory.
2022-09-27