New home sales in the US jumped 1.5% to a seasonally adjusted annual rate of 740K in August of 2021, following a big upward revision to 729K in July, and beating market forecasts of 714K. It is the highest reading in four months with sales jumping the most in the Northeast (26.1%), the South (6%) and the West (1.4%) while falling in the Midwest (-31.1%). The median sales price increased to $390,900 from $325,500 a year earlier. There were 378K new homes available for sales on the market, higher than 366K in July. Still, new home sales remain well below 977K in August of 2020 as high prices due to rising material costs continue to weigh on buyers' affordability source: U.S. Census Bureau
New Home Sales in the United States averaged 655.35 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 October of 2021.
New Home Sales in the United States is expected to be 740.00 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 700.00 Thousand units in 2022 and 590.00 Thousand units in 2023, according to our econometric models.